Grant Avenue Capital, LLC – Buyout of PatientCare EMS Solutions in New York

A strategic buyout aimed at scaling PatientCare EMS Solutions’ footprint and infrastructure in the evolving U.S. healthcare transportation sector. For further insights, see our guide on Consolidated Communications Holdings, Inc. –. For further insights, see our guide on Topgolf Callaway Brands, Inc. – Majority Stake.

Grant Avenue Capital, LLC has finalized the acquisition of PatientCare EMS Solutions, marking a significant private equity transaction in New York. This buyout underscores the continued momentum of healthcare-focused investments in the private equity sector, with a particular emphasis on infrastructure development and strategic growth within the medical transportation market. You may also find our resource on 2024 U.S. Presidential Election: Voter helpful.

Transaction overview

The acquisition of PatientCare EMS Solutions by Grant Avenue Capital, LLC represents a pivotal move in the healthcare services sector. Completed in early January 2026, the transaction is structured as a full buyout, positioning Grant Avenue Capital to drive both organic and inorganic growth for PatientCare. The firm, known for its focus on middle-market healthcare investments, is leveraging this deal to support PatientCare’s infrastructure build-out, operational enhancements, and expansion into new markets. Related: New York City unveils bold plan to redesign Park.

PatientCare EMS Solutions is a leading provider of ground-based emergency and non-emergency medical transportation services. The company operates across multiple states, delivering critical pre-hospital care and patient transfers for hospitals, health systems, and municipalities. The buyout is designed to accelerate PatientCare’s growth trajectory through both internal initiatives and strategic add-on acquisitions, expanding its service offerings and geographic reach.

As part of the transaction, Jeff Shullaw was appointed Chief Executive Officer of PatientCare EMS Solutions. Shullaw brings a track record of operational leadership in healthcare services, and his appointment signals a renewed focus on scaling the organization, optimizing service delivery, and integrating new acquisitions. The leadership transition is expected to facilitate the next phase of PatientCare’s development, aligning with Grant Avenue Capital’s investment thesis for the platform. Learn more about Forging Stronger Economic Ties: Japan and.

The transaction structure includes capital earmarked for infrastructure investment, technology upgrades, and the pursuit of complementary acquisitions. By providing PatientCare with the financial and strategic resources needed for expansion, Grant Avenue Capital aims to position the company as a leading consolidator in the fragmented EMS market. The deal also reflects a broader trend of private equity firms targeting healthcare services platforms with scalable business models and recurring revenue streams. Learn more about Miami Dolphins’ financial revolution: a.

Investor and capital markets context

The buyout of PatientCare EMS Solutions by Grant Avenue Capital, LLC takes place against a backdrop of robust private equity activity in the healthcare sector. In recent years, healthcare services—particularly those with essential, recurring demand such as emergency medical services—have attracted significant investor interest. The sector’s resilience, underpinned by demographic trends and regulatory mandates for emergency care, makes it an appealing target for private equity capital seeking stable returns and growth opportunities. Learn more about SKS Capital Invests $5 Million in South Korea's.

Within the capital markets, the EMS segment is characterized by a fragmented provider landscape, with many regional operators and a handful of larger platforms. This fragmentation presents opportunities for consolidation, operational improvement, and value creation through scale. Comparable transactions in the EMS and broader healthcare transportation sectors have demonstrated strong valuation multiples, reflecting investor confidence in the sector’s fundamentals and growth prospects.

Regulatory considerations play a critical role in shaping the investment landscape for EMS providers. Federal and state-level requirements for ambulance services, reimbursement frameworks, and quality standards create both barriers to entry and opportunities for well-capitalized platforms to differentiate through compliance and service quality. The recent buyout aligns with a pattern of private equity firms acquiring EMS providers to drive operational efficiencies, invest in technology, and pursue geographic expansion through add-on acquisitions.

From a financing perspective, the transaction leverages a combination of equity and debt capital, a typical structure for middle-market buyouts in the healthcare sector. The availability of private credit and the appetite of lenders for healthcare assets with predictable cash flows have supported transaction activity in this space. Grant Avenue Capital’s focus on providing growth capital and operational expertise positions PatientCare to capitalize on both organic and inorganic growth opportunities in the years ahead. For further insights, see our guide on U.S. Private Equity & Capital Markets News –.

Market implications

The acquisition of PatientCare EMS Solutions has several implications for the broader healthcare transportation market. First, it signals continued private equity interest in the EMS sector, driven by the essential nature of emergency medical services and the opportunity to consolidate a fragmented industry. As demand for EMS services grows—fueled by an aging population, rising healthcare utilization, and ongoing urbanization—platforms with scale and operational excellence are well-positioned to capture market share.

Second, the deal highlights the importance of infrastructure investment in the EMS sector. PatientCare’s planned build-out of its operational footprint, fleet modernization, and technology upgrades reflect a broader industry trend toward digitalization and data-driven service delivery. Enhanced dispatch systems, real-time analytics, and integrated communication platforms are becoming critical differentiators for EMS providers seeking to improve response times, patient outcomes, and regulatory compliance. You may also find our resource on Oregon Expands Investments in Infrastructure, helpful.

Third, the transaction is likely to catalyze further consolidation in the EMS market. With Grant Avenue Capital’s backing, PatientCare is expected to pursue add-on acquisitions, expanding into new geographies and service lines. This consolidation trend is expected to drive competitive dynamics in the sector, with larger platforms able to negotiate better payer contracts, invest in workforce development, and achieve operational efficiencies through scale. You may also find our resource on China's Rural Vitalization Strategy Boosts helpful.

Finally, the deal underscores the strategic role of leadership in executing growth strategies. The appointment of Jeff Shullaw as CEO brings operational expertise and a focus on integration, which will be critical as PatientCare navigates expansion and the complexities of multi-state operations. The ability to execute on both organic and inorganic growth initiatives will determine the success of the platform and its attractiveness to future investors or strategic acquirers. You may also find our resource on Deutsche Bahn sells DB Schenker to DSV: A helpful.

Why this matters for investors

For institutional investors and limited partners, the buyout of PatientCare EMS Solutions by Grant Avenue Capital, LLC offers a case study in sector-focused private equity investing. The transaction provides exposure to a defensive, recurring-revenue business model within the healthcare services value chain. The EMS sector’s regulatory underpinnings and essential service profile contribute to its resilience across economic cycles, making it an attractive allocation for investors seeking downside protection and long-term growth. Learn more about New York Arsenal Capital Partners adopts United.

The deal also illustrates the value creation levers available to private equity sponsors in healthcare services: consolidation, operational improvement, technology investment, and leadership enhancement. Grant Avenue Capital’s strategy of supporting both organic growth and targeted acquisitions aligns with best practices for building scalable platforms in fragmented markets. For investors, the potential for multiple expansion and improved earnings through operational excellence and market share gains is a key consideration. For further insights, see our guide on Kimpton and Extell to open 529-Key Hotel in New.

Moreover, the transaction reflects broader themes in private equity, including the increasing specialization of sector-focused funds and the growing importance of operational expertise in driving portfolio company performance. As private equity firms continue to compete for differentiated deal flow and value creation opportunities, transactions like this one highlight the importance of deep industry knowledge and a hands-on approach to portfolio management. Related: Private Equity’s growing Influence in Italian.

In summary, the buyout of PatientCare EMS Solutions by Grant Avenue Capital, LLC is a significant development in the New York healthcare private equity landscape. It demonstrates the ongoing attractiveness of the EMS sector for institutional capital and sets the stage for continued growth and consolidation in the years ahead. You may also find our resource on U.S. Private Equity & Capital Markets News – helpful.