National Partners in Healthcare (NPH) announced on April 12 that it has expanded into 12 states with the acquisition of Medstream Anesthesia. Medstream Anesthesia is run by more than 700 providers.
McGuireWoods LLP provided legal counsel to National Partners in Healthcare. SVB Securities served as exclusive financial advisor and Hall Render Killian Heath & Lyman PC served as legal advisor to Medstream Anesthesia.
Founded in 2018, NPH partners with anesthesiologists and CRNAs providing long-term sustainable solutions for their medical practices. NPH is a joint venture between Archimedes Health Investors LLC and Assured Healthcare Partners.
This transaction adds more than 700 providers covering 216,000 cases at 61 facilities across 12 states resulting in a larger national presence for NPH. In addition, NPH gains 59 Chief CRNAs, 59 medical directors and 90 practice management personnel.
According to data captured in the LevinPro HC database, this acquisition marks the 157th Physician Medical Groups transaction of the year, and the first in the anesthesiology specialty. Between January 1, 2022 and April 12, 2022, four anesthesiology acquisitions were reported.
