Join The Discussion

 

Clip art: Cutting edge barbershop creates a buzz in Fort Worth

Jonathan Morris is on a mission to create a better grooming experience for men.

read more >

Grocers, retailers flocking to Southlake

With its economic development engine revving at full throttle, Southlake is about to welcome several major retail and commercial projects that underscore its image

read more >

Great Woman of Texas; Stacie McDavid

“I’ve always been a maverick in a number of ways,” says businesswoman and philanthropist Stacie McDavid.

read more >

Thousands rally across US after Ferguson decision

Thousands of people rallied late Monday in U.S. cities including Los Angeles and New York to passionately but peacefully protest a grand jury's decision not to indict a white police officer who killed a black 18-year-old in Ferguson, Mo.

read more >

College debt by state in one easy map

WASHINGTON — It may house some of the most esteemed colleges in the country, but if you want to graduate without backbreaking debt, steer clear of schools along

read more >

Fort Worth firm invests in Arlington health care company

Betty Dillard 

bdillard@bizpress.net

NorthStar Anesthesia, a national anesthesia management company headquartered in Arlington, has secured a significant investment from TPG Growth, the middle market and growth investment platform of Fort Worth-based TPG.
TPG Growth now has a controlling stake in NorthStar.
Terms of the transaction were not disclosed.


Matthew Hobart, partner at TPG Growth, said his company expects to see continued consolidation in the anesthesia management industry, with NorthStar at the forefront of this trend.
“The anesthesia management industry is undergoing tremendous transformation as hospitals, facing additional pressured by the Affordable Care Act, seek to further reduce costs and increase efficiencies, while maintaining the highest quality of care,” Hobart said in a news release.


TPG Growth has $3.5 billion under management and is backed by the resources of TPG, which has $55.3 billion in assets under management.
Founded in 2004, NorthStar Anesthesia operates in eight states and currently employs more than 600 providers.
Chris Riopelle recently joined as chief executive officer of NorthStar. The company’s co-founders Dr. Phillip W. Eichenholz and Neil Dwayne Neal remain as senior members of the company’s management team as president and executive vice president, respectively.
Riopelle has nearly 20 years of experience in the health care industry. Prior to joining NorthStar, he spent 10 years as a senior executive with DaVita and also served as chief operations officer of La Vie Care Centers.
 

< back

Email   email
hide
Midterms
What was the message of the midterm elections?