Grant Avenue Capital, a New York-based healthcare-focused private equity firm, has announced the acquisition of PatientCare EMS Solutions. Founded in 1998 and headquartered in Tyler, Texas, PatientCare is a key provider of ground ambulance services, offering both emergency and non-emergency medical transportation across multiple regions. This strategic move aligns with the growing trend of private equity investment in the healthcare services sector.

For Grant Avenue, established in 2019, acquiring a stable, essential service provider like PatientCare diversifies its portfolio and capitalizes on the increasing demand for reliable pre-hospital care. The deal highlights the attractiveness of the Emergency Medical Services (EMS) market, driven by aging demographics and the need for community-based healthcare logistics. This acquisition likely aims to leverage operational efficiencies and expand PatientCare’s geographic footprint, demonstrating confidence in the long-term stability of healthcare infrastructure investments.