HOUSTON – Baird Capital is partnering with Texas Medical Center to fuel an infusion of growth capital into the provider’s entrepreneurial ecosystem.
Baird Capital is the direct private investment arm of Baird, an employee-owned wealth management, capital markets, asset management and private equity firm.
“This partnership is significant as it brings deep venture expertise in health care and technology as well as access to capital to Houston,” said Bill McKeon, president and CEO of Texas Medical Center, in a statement. “Texas Medical Center is excited to welcome Baird as a key component to our growing and unprecedented life science hub. This is yet another major milestone for establishing the Texas Medical Center as the Third Coast of life sciences.”
Baird Capital will establish an office in Texas Medical Center, which has a campus that spreads out to more than 1,400 acres and houses 21 hospitals, four medical schools, six nursing schools and more than 100,000 medical professionals. Together, Baird and Texas Medical Center leadership will explore and foster investment opportunities and link directly to Baird Capital’s global platform with the ability to tap into capital and expert advisors.
“Texas Medical Center’s unique position as a leading expert in the health care and life sciences sectors will be an invaluable advantage to Baird Capital and its portfolio companies and will serve as a significant asset in Baird’s continued growth and success,” said Steve Booth, president and CEO of Baird, in a statement. This partnership will provide a number of compelling opportunities for Baird Capital and TMC to share expertise and resources.”