Private Equity Fund Manager Pledges to Help Hospital System During Covid-19 Crisis
LOS ANGELES, March 4, 2021 / PRNewswire / – JRDWM has entered into a major joint venture agreement with Pacifica Hospital of the Valley and its management / holding company, Southwest Healthcare Services, Scottsdale, Arizona. The JV is part of JRDWM’s strategic and synergistic growth in the healthcare sector. JRDWM will provide significant equity and debt financing for Peaceful and acquire additional Safety Net hospitals in California and the Southwestern United States “The goal is to help more people in a rapidly changing healthcare environment. PHV has a great management team, and we are happy to grow together in an interactive way, ”said Jehangir A. Raja, CEO of JRDWM.
Paul tuft, Executive Chairman of PHV and SWHCS, said: “We are delighted with the financial strength and support that will be provided by our new partner JR Dallas. We will be in a much better position to provide excellent medical care to more patients. ” Precious Mayes is President and CEO of PHV and Manager of SWHCS and was recently appointed Chair of the Hospital Operations Committee of the Hospital Association of Southern california. Ms Mayes said: “It has become increasingly evident that there is a need for more safety net hospitals in California and across our nation. The mission of Safety Net Hospitals is to manage and deliver specialized patient-centered care to underserved communities. It is vital communities that often have the most vulnerable and neglected patients, who do not have the luxury of immediate access to health care. We are delighted to partner and serve a much larger footprint with the support of JRDWM. We can expand and reach more communities in need and continue to care for people in the midst of the worst pandemic in 100 years. “
JRDWM is a boutique private equity investment company that relies on the synergies and experience of its shareholders. JRDWM is a leader in commercial real estate financing in the United States. The company finances all types of commercial real estate, multi-family properties, affordable housing, offices, retail and industrial facilities. It offers equity and private loan products. Since 2008, the company has structured more than $ 2.5 billion loans and now maintains a portfolio of services of more than $ 1.8 billion.
Pacifica Valley Hospital is a safety net hospital with 231 licensed beds, including 24/7 emergency services, intensive care, acute care, subacute care / SNF, acute behavioral health, acute medical / behavioral health, and outpatient surgery and rehabilitation. PHV has been a designated hospital site to serve COVID-19 patients referred from other hospitals to help decompress the large patient overflow due to the pandemic outbreak in southern California. Recently, PHV has developed a unique approach to integrative medical and behavioral health service lines that will become a model for other hospitals in California and beyond. Southwest is the managing operator of PHV and will retain this role.
For more information, contact:
Director of Development, JRDWM
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SOURCE JR Dallas Wealth Management