June 14, 2017
Shore Capital Partners Closes $190M Fund, Plans Nashville Office
Fresh off completion of a major fundraise, Chicago-based healthcare private equity fund Shore Capital has plans to open an office in Music City. (And, what healthcare focused private equity firm wouldn’t!)
Shore, which recently closed its highly oversubscribed Fund II at $190 million, plans to establish a Nashville presence in January of 2020. As a private equity firm with a healthcare focus and appreciation of Nashville as an industry capital, Shore already has deep connections in the community.
Among its operating partners who serve on boards of its portfolio companies are Michael Burcham, Narus Health founder and entrepreneurial uber-maven; Larry Kloess, former TriStar President; Jim Fitzgerald, HealthTrust founder and former CEO; as well as Tim Martin, former Renal Care and Ambulatory Services of America honcho. Not too shabby if we do say so ourselves.
Managing partner Justin Ishbia, along with principal Chris Mioton, currently oversees the firm’s relationships in the Nashville market, where Shore last year exited Brentwood-based Fast Pace Urgent Care after helping the company grow its initial seven urgent care locations to 36 clinics in approximately three and a half years.
Shore currently targets companies across a wide array of healthcare niches, seeking to bolster management efficacy with expert guidance and top-shelf director partners.
Mioton is slated to lead the new beachhead when it opens with one of the office’s primary objectives being to work more closely with existing and new operating partners in the Nashville community.
So, to all you healthcare founders out there; get your pitch decks ready. And to the Shore Team; we’ll send along a framed copy of the NHCC Family Tree for your office and start warming up a booth for you at Noshville. And just know the traffic isn’t as bad as Chicago… yet.