Salt Creek Capital Partners with WorkWell Medical Group
Nov. 02, 2015
Menlo Park, California – November 2, 2015 – Salt Creek Capital is pleased to announce the formation of WorkWell, LLC and its management services agreement with WorkWell Medical Group, a leading Occupational Medicine and Urgent Care (“OM/UC”) provider located in California’s Central Coast. Founded in 2003, WorkWell Medical Group offers employers an in-house network of specialists, multidisciplinary rehab facility and a state-of-the-art mobile medical clinic providing a complete suite of healthcare services to improve healing time for employees enabling them to return to work more quickly.
“WorkWell has developed an outstanding and diverse client base by delivering high-quality patient care, convenience and experience. We are excited to partner with Dr. Sheilaja and Vikram Mittal, WorkWell Medical Group founders, in this transaction and look forward to their continued support through the next phase of growth”, stated Dan Phelps, Managing Director of Salt Creek Capital.
Dr. and Mr. Mittal added, “WorkWell will continue to provide the same high quality, cost-effective care under the leadership of Talha Ashraf, the new President and CEO, and with support from Salt Creek Capital. We are excited about the new possibilities this partnership will offer including expanding our growing network of clinics as well as providing additional services.”
Mr. Ashraf, who participated in Salt Creek Capital’s formal Executive Partnership Program, stated, “It has been a great experience working with Salt Creek Capital and Dr. and Mr. Mittal throughout the transaction process. I am excited to take on the lead operating role with an industry-leading OM/UC provider with such an impressive, caring and dedicated team. I look forward to serving our key stakeholders and building upon WorkWell’s distinguished history of providing quality healthcare.”
Edgemont Capital Partners served as exclusive financial advisor to WorkWell in this transaction.
About WorkWell
Founded in 2003, WorkWell is the largest independent OM/UC provider in Central California. The Company is a provider of choice for major employers and medical provider networks in California’s Central Coast. More information can be found at www.workwellmedical.com.
About Salt Creek Capital
Salt Creek Capital is a San Francisco Bay Area-based private equity firm partnering with experienced operating executives to acquire profitable companies with up to $100 million in revenue. Salt Creek takes a long-term approach to investing in lower middle market businesses and seeks to create value by working closely with management teams to accelerate growth and to improve the operating efficiency of its portfolio companies. More information is available at www.saltcreekcap.com.