National Surgical Hospitals

Initial Investment: January 2011
Location: Chicago, IL
Investment Type: CEO-Led Buyout
Investment Industry: Healthcare

In January 2011, a $2.7 billion East Coast-based private equity fund and David Crane acquired National Surgical Hospitals (“NSH”), an owner, operator, and developer of surgical facilities in partnership with local physicians. Founded in 1999, NSH currently owns and operates a network of 14 surgical hospitals and seven ambulatory surgery centers located in 10 states across the U.S. Upon completion of the transaction, Mr. Crane will become Chairman of NSH’s Board of Directors. Harvey CEO initiated the partnership between the private equity group and Mr. Crane in 2008, at which time he became a Senior Advisor to the fund, assisting with their healthcare investment efforts. Mr. Crane has more than 25 years of operating experience at physician-partnered surgical companies, having been CEO of Medcath, Inc. (fmr NASDAQ:MDTH) and Chairman of New Hope Bariatrics.

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