Procare Ambulance Partners with Prodos Capital and Manolin Investment Group Through Hyde Park Capital's Guidance

Procare Ambulance Expands its Horizons with New Strategic Partnership

In a noteworthy development within the healthcare transportation sector, Procare Ambulance has announced its entrance into a strategic partnership with Prodos Capital and the Manolin Investment Group. This move is designed to enhance Procare's capabilities and services significantly, an initiative that is being backed by growth capital from Tecum Capital, Genesis Park Capital, and SharpVue Capital. Hyde Park Capital played a crucial role as the exclusive advisor in this landmark transaction.

Overview of Procare Ambulance

Headquartered in Baltimore, Maryland, Procare Ambulance stands as a pivotal provider of both non-emergency and emergency interfacility transportation services in crucial markets including Maryland, Washington D.C., and recently expanded operations into Virginia. The company offers a broad spectrum of services such as Basic Life Support, Advanced Life Support, Specialty and Critical Care Transport, along with Mobile Integrated Health (MIH) and medical standby services, catering to a distinguished clientele of healthcare institutions throughout the Mid-Atlantic region.

Debbie Ailiff, the founder of Procare, expressed her enthusiasm about the partnership, stating, "This transaction positions us to continue investing in our people, expand geographically, strengthen our MIH capabilities, and build for the future." Ailiff emphasized the essential role played by the Hyde Park Capital team in facilitating this partnership.

Supporting Growth and Service Capabilities

The newly formed partnership with Prodos Capital and Manolin Investment Group is expected to significantly support Procare's geographic expansion ambitions.