Kayne Anderson Growth Capital Acquires Majority Stake in Telehealth Leader TeleMed2U

Kayne Anderson Growth Capital, a subsidiary strategy of Kayne Anderson, has recently secured a majority share in TeleMed2U, a prominent telemedicine service provider. This partnership represents a significant advancement in TeleMed2U's efforts to expand medical and mental healthcare access via technological integration, allowing seamless patient-provider connections. TeleMed2U is known for its comprehensive telehealth services, offering outpatient and inpatient care, as well as asynchronous telemedicine in various specialties such as Behavioral Health and Infectious Diseases.

TeleMed2U CEO AJ Patel expressed enthusiasm for the support from a leading investment firm, emphasizing the role of Kayne Anderson in bolstering network expansion and improving patient and client outcomes. This collaboration is timed with the telemedicine industry's rapid growth, characterized by the rising demand for remote healthcare solutions and technological advancements.

Nishita Cummings, Managing Partner at Kayne Anderson Growth Capital, highlighted the strategic value of TeleMed2U in providing accessible, high-quality care nationwide. Susan Solinksy, now a Board member at TeleMed2U, commended the organization's focus on integrated physical and mental health care. Ziegler, a specialty investment bank, facilitated this significant financial transaction.