August 9, 2019

Willkie represented The CapStreet Group in its majority recapitalization of Surgical Notes, a group of Texas-based companies that provide healthcare coding and billing services.

On August 8, Willkie client The CapStreet Group, LLC announced the completion of the majority recapitalization of Surgical Notes, Inc., in partnership with the founders and shareholders.

Based in Dallas, Surgical Notes is a healthcare solutions company that provides a comprehensive and integrated suite of products and services designed to streamline the reimbursement process, reduce administrative costs, and better manage information for US ambulatory surgical centers (ASC). Surgical Notes leverages its technology and industry expertise to provide an integrated suite of products that allows ASCs to be more efficient and focus on patient care.

The CapStreet Group is a Houston-based private equity firm that invests in owner-managed, lower middle market companies. Surgical Notes is the ninth investment for CapStreet IV, LP, which has $340 million of committed capital.

The Willkie deal team was led by partners Bruce Herzog and Angela Olivarez, and included counsel Garrett Johnston, and associates David Updegrove and Chris Truman.