FRISCO, Texas and PALO ALTO, Calif., Oct. 17, 2014 /PRNewswire/ — Altamont Capital Partners (Altamont) and Kingfish Group (Kingfish) today announced a majority equity investment into Legacy ER & Urgent Care (Legacy), a leading operator of hybrid standalone ER and urgent care clinics. Founded in 2008, Legacy currently operates two clinics in the Dallas area, providing unscheduled medical treatment services with a unique hybrid model that triages patients to receive the appropriate level of care required. Legacy clinics offer patients exceptional service and minimal wait times.

Legacy will be led by industry veteran Joe Hutts, who was previously CEO of Surgis, Inc., the nation’s largest private ambulatory surgical services company prior to its acquisition. Legacy’s founders, Doctors Kirk Mahon, Steve Martz and Jay Woody will remain involved with the business through its next phases of growth.

Joe Hutts, commenting on the deal, said: “Legacy has built the leading brand in emergency and urgent care treatment in the North Dallas area, providing outstanding service to thousands of patients each month. Legacy’s model treats patients appropriately and reduces the unnecessary cost that often results from unnecessary emergency-level care – we believe this is best for patients and for the medical system as a whole. We are looking forward to expanding Legacy’s presence to meet the continued demand for top-notch medical care at an appropriate cost.”

Casey Lynch, Managing Director at Altamont, said: “Legacy has demonstrated the ability to deliver outstanding clinical care while saving time and money for both patients and payers. We think this is a good thing for the healthcare system and are committed to providing resources to support Legacy’s continued success.”

“Legacy has developed a model that combines the best aspects of traditional emergency room and urgent care services to deliver efficient, top-quality care at a reasonable cost,” said Christian Dubiel, Founder of Kingfish Group. “We are excited to partner with Joe Hutts, Altamont and the founders to support the next phase of Legacy’s growth.”

Terms of the transaction were not disclosed. Avondale Partners and Waller Lansden served as Legacy’s financial and legal advisors, respectively. Altamont was advised by Ropes & Gray.

About Altamont Capital Partners

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with over $1 billion of capital under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including financial services, government services, consumer/retail, industrials and healthcare.

About Kingfish Group

Kingfish Group is a private investment firm based in Foster City, CA. The firm’s principals bring a history of building businesses as company founders, investors and operating executives. The approach rests on a simple premise: that the right relationships can transform a business. Kingfish brings together exceptional operating executives and select capital partners to develop, invest in and grow great companies.

About Legacy ER & Urgent Care

Legacy ER & Urgent Care, headquartered in Frisco, TX, operates multiple hybrid emergency room & urgent care clinics in the Dallas area. Legacy began providing services in Frisco in 2008 and has since expanded to a second location in Allen, TX. The Company offers a unique hybrid model that triages patients to receive the appropriate level of care required, with exceptional service and minimal wait times. For more information, please visit www.legacyer.com.

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SOURCE Altamont Capital Partners