Business

White-Wilson Medical Center emerges from bankruptcy with acquisition by Kain Capital, new CEO

The Fort Walton Beach-based medical practice announced the completion of its corporate restructuring and a strategic investment by a healthcare-focused private equity firm.

Jared Williams

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White-Wilson Medical Center announced Tuesday the successful completion of its corporate restructuring and the closing of a strategic investment by Kain Capital. Brad Logan has been appointed chief executive officer, effective immediately.

The acquisition concludes a restructuring process that began in October 2025, when the 79-year-old multi-specialty physician group filed for Chapter 11 bankruptcy to address financial obligations and reduce debt. White-Wilson said the deal positions the medical center for long-term sustainability with a stronger financial foundation now in place.

The organization said it is focused on accelerating growth, expanding access to care and deepening its commitment to the communities it has served for nearly eight decades.

Kain Capital partners with mid-sized healthcare companies to build on opportunities for transformational change, according to the press release.

“We are excited to enter into this agreement with Kain Capital and look forward to helping our patients achieve their best health through a personalized and integrated approach to care,” said Dr. Kenneth Persaud, president of White-Wilson Medical Center.

Logan brings more than 30 years of experience leading physician organizations. He previously served as CEO of US Eye and chief operating officer of Complete Health.

“White-Wilson has an extraordinary legacy of patient-centered care and a deeply dedicated team,” Logan said in the release. “I’m honored to lead this organization into its next chapter, one defined by growth, innovation and an unwavering commitment to the health of our community.”

White-Wilson said patients can expect continuity of care with no disruption to services. The organization said its providers across all clinic locations will continue delivering comprehensive care to the Emerald Coast community.

Kain Capital is a private equity firm focused on healthcare services and healthcare technology. The firm partners with founders and management teams to provide capital, strategic support and technology capabilities aimed at driving growth and improving access, quality and affordability of care. Through Kain Analytics, the firm develops data and artificial intelligence solutions to enhance operational performance across its portfolio.

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