Sale of Altus Infusion earns ZT portfolio investors 9.2x multiple on invested capital
ZT Corporate, a private equity firm that specializes in healthcare and automotive investments, today announced that investors have received a favorable final payout of Altus Infusion, a specialty healthcare services company. ZT acquired a 51 percent equity interest in Altus Infusion in 2012 and reported a successful portfolio exit in April 2018.
Serving as the firms first healthcare portfolio exit in 2018, the company reported a 9.2x multiple on invested capital, inclusive of past distributions. ZT invested in Altus Infusion in February 2012, professionalizing and growing the business throughout the course of its ownership.
Taseer Badar, Chairman and Chief Executive Officer of ZT Corporate, said, “The exit of Altus Infusion was an exciting time for ZT, as it marked the beginning of Altus Community Healthcare’s immense success. At ZT, we invest in stable and resilient industries with long-term prospects for strong returns despite market or economic turns. Altus Infusion is a great example of our unrelenting commitment to delivering strong results for our investors.”
Sheheryar Shah, Group Chief Operating Office & Chief Investment Officer of ZT Corporate, said “The liquidity event of Altus Infusion was a pivotal time for our company and our investors. This type of return is exactly what we strive for when choosing companies to invest in and we were pleased with the substantial progress made on this exit.”
About ZT Corporate
Established in 1997, ZT Corporate is a private equity firm with an active portfolio in healthcare services and automotive dealerships. With offices in Houston, New York and Los Angeles, the team provides full-service wealth management services to its clients and investors and creates value through a broad range of financial channels, including traditional and alternative investments. ZT Corporate’s active healthcare portfolio operates under Altus Healthcare and Neighbors, with automotive dealerships branded under the ZT Motors umbrella. For more information: www.ztcorporate.com
About Altus Infusion
Houston-based Altus Infusion provides comprehensive infusion therapy services in physicians' offices, which allows patients to receive their treatment in a comfortable, convenient, and familiar environment under the supervision of their trusted doctors and experienced professionals from the Altus Infusion team.
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Contacts
Kaitlin Ross
Pierpont Communications for ZT Corporate
kross@piercom.com, 713-627-2223