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

Winning Year for TEAMHealth

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	Headquarters	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.