Monday, October 27, 2014

Let's Connect in Colorado...

PPS 2104 Conference logoWe're headed to Colorado Springs…    
to exhibit at the American Physical Therapy Association's annual meeting for practice owners - 2014 Private Practice Section (PPS). 

Conference & Expo (Nov 5-8) will be held at The Broadmoor, an elegant hotel near the southern edge of the Rockies.  Stop by to see us at Booth 706 in the PPS Expo Hall on Nov 6 or 7 (Thurs. / Fri.)!  >>More info

CSM 2015 is coming in February - MT Consulting will be there too!

Friday, October 24, 2014

Winning Year for TEAMHealth

TEAMHealth logo
October acquisitions add to a productive year for TEAMHealth, the Knoxville-based provider of outsourced physician staffing solutions for hospitals.  Premier Physician Services, the latest acquisition, adds 700 physicians and advanced practice clinicians to the TEAMHealth roster.  Premier physicians cares for one million Dayton area patients annually by staffing 42 emergency departments, 7 hospital medicine programs, 11 occupational medicine programs and 14 correctional care programs.   >>Read more    
Other 2014 acquisitions include:

TeamHealth Partners
Annual Patient Care
-Salutis Emergency Specialists
Martinsburg, WV
ER – 54,000
-Physician Services of Cleveland
Cleveland, TN
ER – 52,000
-Trident Emergency Physicians
Charleston, SC
ER – 120,000
-Teaneck Emergency Physicians
Teaneck, NJ
ER – 53,000
-Heartland Anesthesia Services
Omaha, NE
Anesth. - 10,000 cases*
-Florida Gulf-to-Bay Anesth.  Associates
Tampa, FL
Anesth. - 160,000 cases*
-Emergency Medicine Specialists
Detroit, MI
ER – 400,000
-Primary Critical Care Medical Grp
Burbank, CA
Hospital – 100,000
-PhysAssist Scribes
Ft. Worth, TX
Scribe svcs - 155 ERs

TEAMHealth's acquisition lineup underscores a recent comment by Jeff Swearingen, Co-founder of Edgemont Capital Partners and company advisor:
“Physician practice consolidation has accelerated in 2014 as the rollout of the Patient Protection and Affordable Care Act drives significant change and increased complexity in healthcare…"  
Consistently, executives of new partner companies recognized TeamHealth's depth of resources and strong infrastructure...and the organization's support in meeting the demands of advanced patient care.

Wednesday, October 22, 2014

3Q Deals Add Up / DaVita Adds On

Just released…
Axial*'s third quarter, 2014 snapshots of deal activity in key business sectors  (Energy, Manufacturing, Healthcare, Tech). 
HC Services deal activity increases in Q3
Source:  Axial
Third quarter deal flow in Healthcare & Life Sciences reached the highest level this year - an increase of 28% quarter-over-quarter.  Healthcare Services deals topped that of other Healthcare subsegments: Facilities, Equipment, Life Sciences Tools & Services, Supplies.  Industry executive,  Brent Earles, suggested that:  
"Many medical groups, independent practice associations, hospitals, and health systems will merge or be acquired. These transactions will drive systems to gain increased access points, greater critical mass, expanded population health management knowledge, and a stronger presence in geographic areas or regions.”    
*Axial is a largest network for professionals who run, advise & finance private companies. >>Read more
Source:  Axial
In fact…
Today's news from Colorado supports Mr. Earles' premise.  DaVita HealthCare Partners announced its intention to acquire Colorado Springs Health Partners (CSHP).  DaVita is a provider of population health and kidney care services.  The completed acquisition will add another multi-specialty medical group with 100+ physicians at 11 locations to the organization.  The  company already manages medical groups in six other states:  California, Nevada, Florida, Arizona, New Mexico, Pennsylvania. 
>>Read more
DaVita HealthCare Partners logo  

Monday, October 13, 2014

Five Points Moves into Tennessee

Five Points HC logoFive Points Healthcare, a Fulcrum Equity Partners' portfolio company, added another  company in 2014.  The late August acquisition of Nashville-based Willowbrook Health Systems, a provider of home health and hospice care,  adds seven point of service to the Five Points network.  The Five Points family of companies already includes BestCare Home Care, AAA Home Health and Hospice, Paramount Hospice.  Led by CEO Rob Radics, the Five Points management team is focused on becoming the premier provider of home health and hospice services throughout the southeast.  >>Read more