Sheridan Moves into Phoenix Market

by | Dec 8, 2015 8:38 pm | Physician Medical Groups, Private Equity

Sheridan just made its fifth announced acquisition of the year, buying Premier Emergency Medical Specialists, a 49-physician group in Phoenix, Arizona. Sheridan is the Physician Services division of AmSurg Corp. (NASDAQ: AMSG), the ambulatory surgery giant, which last year paid $2.35 billion for Sheridan, then a portfolio company of Hellman & Friedman. The purchase marks Sheridan’s entry into the emergency medicine market in Phoenix, and boosts AmSurg’s presence there. It also marks the 71st transaction for a doc practice in 2015, and the second announced in December. Read More »

Health Care M&A in Q4:15

by | Oct 26, 2015 8:56 am | Physician Medical Groups

Okay, so we had a record third quarter in 2015, with more than 390 deals (we’re still counting) and $198 billion-plus in spending. Looking ahead to the fourth quarter, consolidation in many sectors is still strong, as rivals realize they may need to join forces to achieve scale. Case in point: AmSurg Corporation (NASDAQ: AMSG) made an unsolicited $7.5 billion offer for TeamHealth Holdings (NYSE: TMH), which is in the midst of its own acquisition of IPC Healthcare (NASDAQ: IPCM). Although Team Health rebuffed the offer, a larger one is in the offing, no doubt. Also, the huge cash reserves on many companies’ balance sheets are likely destined for M&A transactions, particularly if... Read More »

Competition Continues for Anesthesiology Groups

by | Aug 3, 2015 8:37 am | Physician Medical Groups

Only three acquisitions of physician medical groups (PMG) were made public in July, but all three targeted anesthesiology practices. MEDNAX (NYSE: MD) announced two deals, one for Manassas Anesthesiology Associates in Virginia, and the other for Lakeshore Anesthesia Services, PC in Muskegon, Michigan.  Sherdian, a subsidiary of AmSurg Corp. (NASDAQ: AMSG), acquired Coastal Anesthesiology Associates, PA in St. Augustine, Florida. These three transactions bring the total number of anesthesiology deals to 11, or 23% of the 47 PMG transactions we’ve recorded in this sector so far in 2015. Read More »

Doc Group Acquisitions Pick Up

by | Mar 16, 2015 7:56 pm | Hospitals

After a few quiet weeks with no announcements, the Physician Medical Group sector got busy. Sheridan Healthcare, a subsidiary of AmSurg Corp. (NASDAQ: AMSG), acquired Radiology Associates of Hollywood (Florida), which handles radiology services for 12 hospitals and other facilities in Broward County. US Anesthesia Partners picked up another Texas-based practice, Excel Anesthesia, P.A., which it will merge into Pinnacle Anesthesia Consultants, one of its founding partners. Then Partners HealthCare System, which was spurned by the Massachusetts Attorney General in its bid for South Shore Hospital, turned around and angered the AG once again by acquiring Harbor Medical Associates in South... Read More »