Goldman Sachs Alternatives has acquired Xpress Wellness from Latticework Capital Management (LCM), according to a news release.
Xpress, founded in 2014 and based in Oklahoma City, provides healthcare services to rural and underserved communities across Oklahoma, Kansas and Texas. The company operates 58 clinics, 39 of which are certified rural health clinics.
LCM, based in Dallas, makes control equity investments in the lower middle market. Founded in 2015, the firm focuses exclusively on healthcare, specifically the provider services, hospital/major facilities, life sciences/pharmaceutical (pharmaceutical services and contract manufacturing for medical equipment/devices) and non-reimbursement industries. Latticework prefers to make more substantial investments from a dollars perspective.
Goldman Sachs is a global investor in alternatives, with more than $450 billion in assets. The business invests in alternatives that include private equity, growth equity, private credit, real estate, infrastructure, hedge funds and sustainability.
Terms of the transaction were not disclosed.