Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Instagram Outage Disrupts Thousands of U.S. Users 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
LAFAYETTE, La., Dec. 15, 2016 -- YPS Anesthesia Services, a provider of outsourced anesthesia care in Louisiana, Mississippi and Texas, announced today that it has received an investment from The Catalyst Group, Inc. (“Catalyst”) through their Family Alignment partnership. Tracy Young, founder and CEO of YPS, along with partner and CFO John Mendell and the existing management team, will continue to lead the business in its expansion plans.
|
|||
“We are excited to partner with the Catalyst Group team,” said Young. “Catalyst has an impressive track record of supporting and growing companies over the long term, and this partnership will allow us to continue to grow the business with a strong partner and provide the high-quality care to our existing hospital, surgery center and endoscopy center customers.”
YPS, which was founded in 2003 with a single contract to provide anesthesia at a rural hospital facility in Louisiana, has successfully grown to include contracts with 26 multispecialty healthcare facilities with approximately 150 full- and part-time anesthesia care providers.
“Tracy and his team have built an excellent business and we are excited to partner with YPS to continue to expand their footprint across the Southeast,” said Ron Nixon, president of The Catalyst Group. “Today, YPS has a very strong reputation within the anesthesia provider community as well as with their customer base, and we are proud to be able to call them a partner. This investment is the first out of our newly created Family Alignment partnership and is consistent with our strategy to provide capital and support to growth-oriented management teams.”
Ron Nixon and Robert Norris from The Catalyst Group will serve on the YPS board of directors along with Tracy Young and John Mendell from YPS.
ABOUT THE CATALYST GROUP
The Catalyst Group, Inc. was founded in 1990 to provide long-term growth capital to middle market private companies. The firm has offices in Houston, Texas, and Austin, Texas. Learn more at www.tcgfunds.com.
For more information, please contact YPS 200 Greenleaves Blvd Suite 6 Mandeville, LA 70448 (855) 300-7525 [email protected] Catalyst Group Robert Norris (512) 320-8600 [email protected]
