The Physician Medical Group sector is on track for another busy year. As of July 5, 2017, 92 deals have been announced, a nearly 27% increase from the same period a year ago. And, with six months left to go in 2017, the sector is only 38 deals away from surpassing 2016’s record total of 130 deals.
Envision Healthcare Corporation (NYSE: EVHC), a leading provider of physician-led outsourced medical services, announced three PMG deals in six days. Although no prices were disclosed, the acquisitions added anesthesia, emergency services, and multi-specialty clinics in Connecticut, Georgia, Illinois and Wisconsin.
On June 29, Envision acquired Anesthesia Associates of New London, P.C., based in New London, Connecticut. The practice is the exclusive provider of anesthesia services at Lawrence and Memorial Hospital in New London, as well as three ambulatory surgery centers in the area. It staffs more than 25 clinical professionals, including 10 physicians.
Then, on July 5, the company announced the acquisition of Atlanta-based Northside Emergency Associates, P.C. (NEA). NEA is an emergency medicine physician group practice that staffs 68 clinical providers, including 40 physicians, who manage more than 170,000 annual emergency department patient encounters.
It provides care at Northside Hospital Healthcare System’s three hospitals. With this acquisition, Envision now provides both emergency medicine and anesthesia physician services across Northside’s three hospitals.
That same day, Envision inked its third deal of the week with the acquisition of Infinity Healthcare, Inc. Headquartered in Milwaukee, Wisconsin, Infinity Healthcare is a multi-specialty physician group practice with more than 340 physicians and mid-level providers who deliver emergency and hospitalist medicine, anesthesia and radiology services to patients in Wisconsin and Illinois.
Infinity providers staff 25 emergency medicine sites, 10 urgent care centers, six anesthesia, two radiology and two hospitalist medicine programs for health systems, including Ascension Health and Hospital Sisters Health System.