The CapStreet Group Announces Investment in Surgical Notes
HOUSTON, TEXAS (August 8, 2019) – The CapStreet Group, LLC is pleased
to announce the completion of the majority recapitalization of Surgical
Notes, Inc. (“Surgical Notes” or the “Company”),
in partnership with the founders and shareholders.
Founded in 1997 and headquartered in Dallas, Texas, Surgical Notes is
a healthcare solutions company that provides a comprehensive and integrated
suite of products and services designed to streamline the reimbursement
process, reduce administrative costs, and
better manage information for US ambulatory surgical centers (“ASC”).
Surgical Notes leverages its technology and industry expertise to provide
an integrated suite of products that allows ASCs to be more efficient
and focus on patient care.
“The CapStreet team has been great to work with; they understand
our business model and have a proven track record of building strong tech-enabled
outsourced business service companies. With CapStreet as our partner,
Surgical Notes will build on its legacy of excellent customer service,
innovation and best in class technology. We will continue to focus on
providing cutting edge, innovative revenue cycle solutions for the ASC
industry,” said Randy Bishop. In connection with CapStreet’s
investment, current President Mr. Bishop will transition to Chief Executive
Officer of the Company.
Neil Kallmeyer, Managing Partner with CapStreet, commented, “Randy
and the rest of the Surgical Notes team have built a strong company that
is well positioned for continued growth both organically and through acquisitions.
We look forward to working with management in establishing a best in class
outsourced solutions provider in the ASC market.” Walker Kahle,
Vice President with CapStreet, added, “We look forward to working
with Randy and the Surgical Notes team as they continue to develop new
products and services for their customers.”
Surgical Notes is the ninth investment for CapStreet IV, LP, which has
$340 million of committed capital.
The CapStreet team for the Surgical Notes investment also included Kevin
Johnson and Rob Madorsky.
Waterview Investment Banking served as the financial advisor to Surgical
Notes. Willkie Farr & Gallagher LLP served as CapStreet’s legal
counsel, while Polsinelli, P.C. served as Surgical Notes’ legal counsel.