HC Expansion in the Southeast

Physical Therapy   BenchMark Rehab Partners welcomed new partners to its physical therapy organization in late July.  Owned by Scott Newton, Pulaski-Ardmore PT strengthens the BenchMark brand - recognized in the field of orthopedics and wound care.  The two new BenchMark clinics serve their respective communities (Pulaski and Ardmore) in south central Tennessee.  They join one of the nation's leading outpatient physical therapy organizations offering administrative services support and focused on clinical outcomes, payor and physician relationships and community programs.

"…This partnership will enhance our services to meet the needs of our local and surrounding communities and withstand the turbulence of upcoming healthcare changes."    ~ Scott Newton

Urgent Care   Atlanta-based CRH Healthcare, founded in 2012, set out to build a consumer and quality-focused urgent care operation.  It recently established itself as a leader in one of its key market areas with the acquisition of Physicians Immediate Med.  CRH added 10 service locations to its four existing Peachtree Immediate Care brand clinics to effectively cover the metro Atlanta market.  

MSouth Equity Partners along with Capstar and Cadence Bank provided transaction financing for the recent acquisition.  MSouth is expected to be on hand to support future CRH expansion in the Southeast.     >>Read more

Another Acquisition for MEDNAX

Millennium Anesthesia Care (Tampa, FL) is the latest physician group to move under the MEDNAX umbrella.  The practice employs 79 clinicians.   Dr. Jim Gruber, spokesman for Millennium noted the trend toward healthcare consolidation and benefits of a national medical group (access to resources, support and long-term stability) as reason for their affiliation 
>>Read more

Related:

New Growth Platform for MEDNAX

ADCS Focus on Michigan

Advanced Dermatology & Cosmetic Surgery (ADCS) continues its advance into Michigan.  The national derm group acquired the Grekin Skin Institute, a multi-site Southeast Michigan practice, in 2014.  With a focus on his home state, Dr. Steven Grekin, now a regional Midwest director and business development officer has been busy.  He's added several practices under the ADCS banner in 2015.  These include the four clinic Dermatology Associates of Northern Michigan,  Dr. Michael Redmond's Livonia practice and in late July another northern Michigan practice, Bay Area Dermatology (Traverse City).  Dr. Grekin's 2015 goal for Michigan is to expand to 15 offices with an eye on 30 locations by 2017.

ADCS added another solo practice in late July.  Dr. Howard Goldman is now part of the ADCS team.  His practice complements other Advanced Philadelphia-area locations.  

With the recent Michigan and Pennsylvania acquisitions, ADCS owns more that 115 clinics - clearly the leading derm organization in terms of locations.   >>Read this and more

Related:
ADCS Adds Offices Out West
Nationwide Derm Practice Adds Midwest Clinic
Derm Platform Continues Buying Spree

American CareSource to Add NC UC Clinics

The Atlanta-based urgent care chain, American CareSource, is strengthening its east coast presence.  With the upcoming acquisition of Medac Health Services, P.A., American CareSource will add four Wilmington, NC locations - increasing its total to 14 urgent care centers.  Currently, the chain operates clinics in suburban Washington, D.C., Georgia, Florida and Alabama.

American CareSource also offers a range or primary care and specialty health services, including occupational medicine and veterans care.

>>Read more

TeamHealth Expands Footprint with IPC Deal

TeamHealth (TMH), the physician staffing provider, is teaming up with IPC Healthcare.  The $1.6B all-cash deal establishes the firm as a leading physician services organization.

The merger should increase the TMH network of healthcare professionals to 15,000 nationwide across multiple specialties.  Of note is IPC staffing strength in the acute hospitalist and post-acute markets.  This complements the solid presence of TMH professionals in emergency medicine, anesthesia, urgent care, pediatric and management services in approximately 1,000 civilian and military hospitals, clinics and physician groups in 47 states.

TeamHealth President and CEO Mike Snow noted: 

“Through this combination, TeamHealth will be better positioned to capitalize on key trends as the U.S. healthcare industry moves toward value-based reimbursement with an increased focus on post-acute care and services…"

>>Read more