Texas-based, private equity firm, ZT Corporate announced that they completed the acquisition of six Neighbors Emergency Centers in the Greater Houston Area. The freestanding emergency centers were awarded to ZT Corporate and Altus Healthcare System on September 12, 2018 after a 30-hour extensive bidding war where the two companies pulled the consortium together for the win. The auction process was extremely competitive with multiple ambitious bidders in attendance. This acquisition expands the company’s health portfolio to include Neighbors facilities in Baytown, Pasadena, Crosby, Porter, Pearland and Kingwood.Neighbors Emergency Centers are committed to providing unparalleled medical care driven by compassion, respect, and dedication. This acquisition will allow ZT Corporate to honor its legacy and mission of “making lives better every day.”
“This acquisition allows our community to continue to access exemplary medical care through Neighbors Emergency Centers,” said Taseer Badar, Chairman and CEO of ZT Corporate and Altus Healthcare System. “We, along with Altus Healthcare System, are excited to strengthen our healthcare footprint in the fourth largest city in the U.S. through Neighbors Emergency Centers, who share our dedication to patients, culture and community.”
ZT Corporate is working closely with Neighbors leadership, physicians and staff to ensure a smooth transition. Services and jobs will not be impacted during the transition, and patients can be assured that they will continue to receive the same attention and compassionate service that they expect from Neighbors Emergency Centers, which feature 24 hours a day/7 day a week/365 day of the year service, Board-Certified physicians, state-of-the-art equipment, imaging and laboratory equipment and more.
ZT Corporate’s healthcare portfolio currently includes five freestanding Altus Health emergency centers in Texas, in addition to a network of hospitals, surgical centers and hospice care, including two hospitals within the Greater Houston area.
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