Houlihan Lokey Advises Xpress Wellness

Transaction: Xpress Wellness - Latticework Capital Management - Goldman Sachs Alternatives

Houlihan Lokey is pleased to announce that Xpress Wellness (Xpress), a portfolio company of Latticework Capital Management (LCM), has been acquired by the Sustainable Investing Group at Goldman Sachs Alternatives.

Xpress is a rural healthcare platform providing a range of high-quality, affordable, and convenient healthcare services to medically underserved communities and residents of nursing homes across Oklahoma, Kansas, and Texas. The company’s multispecialty model is primarily focused on urgent care and additionally provides employer and workers’ compensation services, behavioral health counseling, primary care, and facility-based services.

Headquartered in Dallas, Texas, LCM is a growth-oriented private equity firm focused exclusively on making control equity investments in the healthcare industry. LCM has completed more than 130 transactions across a diverse array of healthcare subsectors and currently has more than $550 million in assets under management. LCM leverages its more than 100 combined years of healthcare and investing experience, as well as its network of industry executives, to help companies grow and realize their full long-term value.

Goldman Sachs (NYSE:GS) is one of the leading investors in alternatives globally, with more than $450 billion in assets and over 30 years of experience. The business invests in the full spectrum of alternatives, including private equity, growth equity, private credit, real estate, infrastructure, hedge funds, and sustainability. The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world’s leading institutions, financial advisors, and individuals. Goldman Sachs has more than $2.8 trillion in assets under supervision globally as of March 31, 2024.

Houlihan Lokey served as the exclusive financial advisor to Xpress.

This transaction further strengthens and highlights Houlihan Lokey’s continued leadership position in multi-unit healthcare M&A and the urgent care sector. Houlihan Lokey’s Healthcare Group is among the largest dedicated healthcare investment banking groups in the world. In 2023, the group closed 34 transactions and was ranked by LSEG (formerly Refinitiv) as the No. 1 M&A advisor globally for healthcare transactions.*


*Excludes accounting firms and brokers.

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