LOS ANGELES--(BUSINESS WIRE)--California Medical Evaluators (CME) announced that it has partnered with Muirlands Capital and Centerfield Capital Partners in raising growth capital. CME is a leading provider of qualified medical examination (QME), independent medical examination (IME), and medical expert services for the legal and insurance industries headquartered in Los Angeles, Calif. Terms of the transaction were not disclosed.
“Securing this partnership is instrumental to executing our strategic growth plans. With access to institutional capital, CME is now in an advantageous position enjoyed by few of our industry peers,” said Dr. Gabor Vari, CME Chief Executive Officer. “I am very excited to partner with Muirlands Capital and Centerfield Capital Partners.”
Richard Lobo, Managing Partner of Muirlands Capital, added, “CME’s demonstrated ability to provide superior service to its rapidly growing group of affiliated doctors has positioned them as the best-in-class provider in their industry. We look forward to working with Dr. Vari and the CME management team on numerous growth initiatives, including strategic acquisitions, geographic expansion and incremental service offerings.”
CME was represented by investment bank JMP Securities and received legal advice from Barton, Klugman and Oetting. Ice Miller provided legal advice to the investor group.
About California Medical Evaluators
California Medical Evaluators (CME) is a leading provider of qualified medical examination (QME), independent medical examination (IME), and medical expert services headquartered in West Los Angeles, Calif. CME’s broad network of qualified physician experts performs over 3,500 medical examinations annually. Founded in 2010 by physicians, CME has become a leader in the Calif. QME market while also providing IME services, fitness for duty evaluations, and disability evaluations for the legal and insurance industries. More information about CME can be found at www.calmedeval.com or by calling (888)-853-7944.
About Muirlands Capital
Muirlands Capital LLC is a San Diego-based middle market private equity firm focused on investing in growth-oriented businesses across industry sectors in partnership with experienced operating executives. The firm was formed in 2014 by Richard Lobo, who had previously spent over 20 years at CHS Capital LLC, a prominent Chicago-based private equity firm, where he co-led the firm's Business Services efforts. For more information, please contact Richard at RLobo@MuirlandsCapital.com or (858)-352-6884.
About Centerfield Capital Partners
Centerfield Capital Partners is a leading provider of subordinated debt and equity capital to lower middle market companies. Centerfield works closely with financial sponsors, management teams and business owners who seek mezzanine and equity financing to grow companies. Founded in 1998, Centerfield has invested in 50 companies and currently manages in excess of $300 million. For more information, please visit www.centerfieldcapital.com or call (317)-237-2323.