“We look forward to leveraging Warburg Pincus’ experience, expertise and capital as we grow the business by expanding our range of specialties, increasing our geographic coverage and deepening our innovative clinical and customer service operations,” said Joe Peterson, MD, CEO of Specialists on Call, in a news release. “SOC’s clients will benefit from specialty physician services that will continue to increase financial and clinical value.”
The large investment reflects Warburg Pincus’ optimism about the potential of both SOC and the telemedicine market. “As telemedicine becomes a more mainstream medium for care delivery, we believe SOC’s focus on addressing the shortage of specialty physicians at suburban hospitals positions the company for continued success,” said Elizabeth H. Weatherman, the managing director and head of the healthcare group at Warburg Pincus, in a news release. “We are eager to partner with Joe and the management team to build on the company’s leadership position and accelerate its growth plans.”
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