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Four Deals for Physician Medical Groups
The first full week of May saw a lot of activity, relatively speaking, in the Physician Medical Group sector. Four deals were announced, and not all by the usual acquirers. TeamHealth Holdings (NYSE: TMH), which took on Princeton Emergency Physicians in New Jersey for an undisclosed price, and IPC Healthcare (NASDAQ: IPCM) acquired Atlantic Hospitalist Group in Macon, Georgia. Eisner Pediatric & Family Center, a 95-year-old integrated community clinic in downtown Los Angeles, announced its acquisition of five physician practices in the surrounding area, three pediatric and two OB/GYN. Late in the week came word that South Shore Hospital in South Weymouth, Massachusetts would acquire... Read More »Nueterra Buys into Benefit Management
Privately held Nueterra is the largest U.S. private-sector organization specializing in the development of joint equity partnerships with health systems, governments, hospitals and physicians’ groups. Recently, however, it has shifted its focus to the consumer population, and last week acquired Benefit Management, Inc., which provides customized health benefits administration programs to partially self-insured companies. The goal is to develop pay-for-value models for the new bundled payment system. Tally-ho. Read More »UCHealth Invests in 12 Colorado Urgent Care Centers
Adeptus Health, the largest and oldest network of freestanding emergency room facilities in the country, is selling a majority stake in all 12 of its Colorado facilities, and two more under construction. The buyer, University of Colorado Health System, plans to rebrand them as UCHealth ER. Adeptus operates more than 60 ERs in affluent areas of Arizona, Colorado and Texas, which treat patients who have commercial insurance. Free-standing ERs don’t have to accept Medicare or Medicaid, and thus, 85% of Adeptus’ revenue comes from commercial pay plans. Under the partnership, UCHealth will hold a majority stake in Adeptus’ freestanding emergency rooms in Colorado. The centers will... Read More »Another Record Falls in Q1:15
Now that the month is officially over, we can report our preliminary Q1:15 results—and it was another record breaker, at least for transactions. The 346 deals logged so far are 109% higher than the first quarter of 2014. You would think that the $104.7 billion in combined spending would set another record, but no. In Q1:09, we tracked $127.2 billion spent on 202 deals. That’s when Pfizer (NYSE: PFE) bought Wyeth for $68 billion. Here’s the preliminary breakdown of Q1:15 — and remember, the spending is only for deals that disclosed prices. Read More »Welsh, Carson’s Busy, Billion $$ Week
In case you hadn’t heard, the Welsh, Carson, Anderson & Stowe private equity firm was featured in several deal announcements last week. The largest deal, at $1.06 billion, was for Concentra Inc., a subsidiary of Humana Inc. (NYSE: HUM), which operates urgent care, occupational medicine, physical therapy and other programs. For the transaction, Welsh, Carson formed a joint venture with Select Medical Corporation (NYSE: SEM), which operates specialty hospitals and outpatient rehab clinics. Then there was the sale of a majority stake in its portfolio company, United Surgical Partners Inc. Tenet Healthcare Corporation (NYSE: THC) paid $425 million for a 50.1% interest, and will acquire the... Read More »Schedule a demo
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