Allegiance Mobile Health (AMH), which provides medical transportation and 911 emergency services in Texas, US, has secured financing from Brightwood Capital Advisors to accelerate its growth strategy.
Brightwood, with its expertise in middle-market investments, focuses on providing senior debt capital to US businesses with annual earnings before interest, taxes, depreciation, and amortisation (EBITDA) ranging from $5m to $75m.
The company’s investment strategy spans five key industries, with healthcare being a primary sector.
Brightwood’s latest investment in AMH is aimed at bolstering the latter’s organic and inorganic growth strategy.
These strategies primarily include maintaining high service levels as well as expanding through mergers and acquisition (M&A) deals.
Brightwood Capital CEO and managing partner Sengal Selassie said: “AMH’s steady growth across its core service offerings is a testament to the company’s longstanding reputation as a trusted provider of medical transportation and 911 emergency services for the Texas region.
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By GlobalData“Healthcare and transportation services are two increasingly important markets within our investment focus, and we’re excited to leverage our expertise in these spaces to accelerate AMH’s organic and inorganic growth strategy.”
AMH is mainly known for its extensive coverage, servicing over 17,000 square miles of 911 territory and fulfilling 215,000 service requests each year.
With a workforce exceeding 1,200 and a fleet of over 250 vehicles operating from 70 stations, AMH has established a significant presence in the Texas healthcare sector.
The company operates in various locales, from urban to rural areas, including major cities like Austin, Houston, Corpus Christi, Dallas, and San Antonio in the US.
This partnership with Brightwood is further set to empower AMH’s growth trajectory, ensuring the company can continue to meet the evolving needs of the communities it serves while exploring new avenues for expansion.
AMH chairman and CEO David Lee said: “Brightwood’s support and expertise will be instrumental as we enter our next growth phase, pursuing initiatives that enable us to deepen our regional presence and expand our service offerings.”