Physician Life Care Planning Receives Growth Investment from WestView Capital Partners
December 27th, 2023
San Antonio, Texas and Boston, Massachusetts – Physician Life Care Planning (“PLCP” or the “Company”), an industry-leading provider of physician-authored life care plans and other damages valuation services, announced that it received a growth investment from WestView Capital Partners (“WestView”), a Boston-based private equity firm focused exclusively on partnering with middle market growth companies.
Headquartered in San Antonio, Texas, PLCP is the nation’s leading provider of damages valuation and ancillary services that quantify past and future medical expenses as well as economic losses associated with serious injuries and accidents. PLCP’s network of board-certified physicians and other damages valuation experts provide life care plans, loss of earnings assessments, household services assessments, and present value reports, as well as expert witness testimony and consulting services to over 900 law firms, government agencies and courts nationwide across all types of litigation. Importantly, all of the Company’s life care plans are authored by board-certified physicians, while PLCP’s economic reports are authored by experienced economists and financial experts.
PLCP’s Founder and Medical Director, Dr. Joe Gonzales, commented “WestView’s investment will help us further enhance our technology, infrastructure and team in support of our clients and our network of experts.” Bill Davenport, the Company’s CEO, added “We are excited to leverage WestView’s deep experience in the legal services sector to further accelerate our growth in new and existing geographies. WestView’s long-standing track record of successfully partnering with founder-owned businesses to collaborate on their next chapters of growth was critical to the PLCP team.”
Rick Williams, Co-Founder and Managing Partner of WestView, commented “Our investment in PLCP reflects WestView’s commitment to partnering with leading tech-enabled legal services businesses led by experienced and passionate entrepreneurs. We are thrilled to have the opportunity to partner with Dr. Gonzales, Bill Davenport, and the rest of the PLCP team as they continue to lead and grow the company.” Josh Kantor, Vice President at WestView, added “Dr. Gonzales, Bill, and PLCP are pioneers in the life care planning industry, and we have been impressed by their highly differentiated and tech-enabled offering. We are excited to support management in their growth initiatives.”
WestView was represented by Latham & Watkins LLP with debt financing provided by BMO Capital Markets and GMB Capital Partners. PLCP was represented by J.P. Morgan as its exclusive financial advisor and Elder Bray & Bankler PC as legal counsel. Financial terms of the transaction were not disclosed.
About Physician Life Care Planning:
Physician Life Care Planning is the leading provider of physician-authored life care plans and other damages valuation services to law firms and other entities nationwide. Headquartered in San Antonio, Texas, the Company’s physician and economic experts quantify past and future medical expenses and economic losses associated with serious injuries via expert witness reports and testimony. Founded in 2011, Physician Life Care Planning is the largest provider of life care planning services in the US, serving over 900 law firms, government agencies, and courts nationwide across all types of litigation. Learn more at https://www.physicianlcp.com/.
About WestView Capital Partners:
WestView Capital Partners, a Boston-based growth equity firm, is focused on middle market growth companies and manages $2.7 billion in capital across five funds. WestView partners with existing management teams to sponsor minority and majority recapitalizations, growth capital, and consolidation transactions in several sectors including: business services, IT services, healthcare technology and outsourcing, software, and growth industrial. WestView targets investing $20 to $100 million in companies with revenue of at least $10 million and operating profits between $3 and $25 million. For more information, please visit https://www.wvcapital.com/.