Emergency Care Partners (ECP), backed by Varsity Healthcare Partners and Regal Healthcare Capital Partners, has acquired Ascension Emergency Physicians. The target provides outsourced emergency department management services to Our Lady of the Lake Ascension, formerly known as St. Elizabeth Hospital. Financial terms were not disclosed.
ECP provides emergency medicine and outsourced emergency department management services to hospital facilities across Lousiana, New York, and Pennsylvania. ECP was initially formed through the joint recapitalization of Professional Emergency Medicine Management (PEMM) and Professional Emergency Physicians Associates (PEPA).
The combined emergency medicine platform will service departmental operations at 20 hospitals, supported by a combined clinical workforce of 201 physicians and 223 mid-level providers, treating more than 710,000 ER patient visits annually. ECP’s physicians, including legacy physician partners, will continue to serve as meaningful shareholders in the combined company.
This is actually the second deal from ECP in 2019. In February, ECP acquired Progressive Emergency Physicians, which also provides outsourced emergency department management services to care facilities across New York and Pennsylvania. To no one’s surprise, financial terms weren’t disclosed for this deal either.