BIRMINGHAM, Ala., March 30, 2020 – New Capital Partners (NCP), a private equity firm in Birmingham, Alabama, today announces that it has partnered with TeleHealth Solution (THS), a company providing virtual medical and healthcare support for patients in hospitals and senior living facilities, based in Charlotte, North Carolina.
Founded by Dr. Sam Ghannam and Dr. Jason Perlman, TeleHealth Solution is a patient and outcomes centered approach to telemedicine. TeleHealth Solution aims to improve the quality of care in Skilled Nursing Facilities (SNF), Assisted Living Facilities (ALF), and Continuing Care Retirement Communities (CCRC). With new technology and innovative health-care delivery methods via telemedicine, TeleHealth Solution provides patient-centric care and services at a fraction of the cost of an in-house physician. TeleHealth Solution now also offers telepsychiatry services for seniors.
New Capital Partners has a history of successful telehealth investments. In early 2005, they became the first institutional investor in Teladoc and helped to not only grow Teladoc into the largest telehealth company in the world but to also grow the entire telehealth industry expanding services from primary care to specialty care and from doctors’ offices to hospitals.
James Outland, Managing Partner of New Capital Partners, said, “With more than 15 years of experience in the telehealth sector, we are excited to back TeleHealth Solution in bringing telehealth clinical expertise to post-acute and acute care facilities across the country. We are proud of our long and successful track record in bringing telehealth to the healthcare industry, and we are equally proud to work with TeleHealth Solutions and Dr. Sam Ghannam to expand their reach to post-acute and acute care facilities, especially in this dire time of need as a result of the COVID-19 pandemic.”
Danny Despot, Principal at New Capital Partners, added, “COVID-19 helped the world appreciate the value of having telehealth options, not only in a pandemic, but also as an everyday solution to fill the gaps in the healthcare delivery system. Companies like TeleHealth Solution compliment healthcare systems, providing increased access to clinicians and in many cases, providing better outcomes at lower costs.”
Dr. Sam Ghannam, Co-Founder and CEO of TeleHealth Solution, said, “We are excited about our partnership with New Capital Partners. From the beginning, I was looking for a partner, both strategically and financially, and New Capital accomplished that. Their early telemedicine investments highlighted to me and my team that NCP understands the space, and their performance with other partner companies made me confident in their ability to scale companies. The team and I are looking forward to growing our partnership and are excited about setting #thenewstandardofcare together.”
About New Capital Partners
New Capital Partners (NCP) is a private equity firm comprised of former operators headquartered in Birmingham, Alabama. NCP makes investments in niche technology and services companies in the healthcare, financial and business services industries. Leveraging our extensive operational experience, NCP helps create significant value in portfolio companies by cultivating true partnerships with management teams and focusing on one core goal: Building Great Companies. For more information, please visit www.newcapitalpartners.com.
About TeleHealth Solution
TeleHealth Solution (THS) is a patient and outcomes centered approach to telemedicine. By virtually evaluating and treating patients, acutely ill patients can remain comfortable in their treatment facility. Additionally, virtual evaluations and treatments reduce transfers and lower readmission rates and penalties. Keeping patients local keeps revenue in the hospitals and brings the future of healthcare to you. For more information, please visit www.telehealthsolution.com.
