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GCG Deal Announcement | Cascade Partners LLC advised First Care Medical (Sell-side)

Cascade Partners advised First Care Medical (FCM) in the sale to Excelisa Injury Care, a portfolio company of Bain Capital.

FCM, formerly North County Medical, operates within the healthcare services industry, specifically focusing on multi-modal, coordinated care for personal injury cases, primarily resulting from auto accidents. FCM pursued a relationship with a strategic partner to accelerate its vision of serving the region.

Excelsia is a leading provider in healthcare, specialising in integrated injury care for individuals involved in motor vehicle or work-related accidents.

Cascade Partners helped the client with their initial goal of merging four separate entities into one, FCM, aiming to create a multi-modal, integrated, coordinated care organization that spanned several states surrounding Utah. This merger positioned FCM as one of the largest entities of its kind in the country, increasing its appeal to investors. The second goal was to expand FCM’s post-merger scope and scale – the Cascade team worked to facilitate the acquisition of three additional complementary practices to further broaden its geographic and modality footprint.

The transaction was led by Ron Reed, Managing Director. Read the press release.


19 February 2025

Cascade Partners

GCG Capital