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December 17, 2015

TeamHealth boosts acute and post-acute care operations with new acquisitions

US-based physician services organisation TeamHealth Holdings has strengthened its acute and post-acute care areas with the acquisition of Everest Inpatient Physicians and Geriatric Essentials.

US-based physician services organisation TeamHealth Holdings has strengthened its acute and post-acute care areas with the acquisition of Everest Inpatient Physicians and Geriatric Essentials.

The acquisitions follow the company’s merger with IPC Healthcare in November.

Everest, which specialises in acute and post-acute medicine, provides services to 27,000 patients through partnerships with six hospitals across southwestern Houston, including Memorial Hermann Health System.

Memorial Hermann is an existing TeamHealth client for emergency medicine, hospital medicine, OB/GYN hospitalist and urgent care services.

TeamHealth president Michael Snow said: "TeamHealth is committed to partnering with the best acute and post-acute practices in the country.

"The addition of these well-established groups to TeamHealth complements our existing business and will both deepen and expand our presence in acute and post-acute facilities throughout Texas, Tennessee and Mississippi.

"TeamHealth is committed to partnering with the best acute and post-acute practices in the country."

"Through our acquisition of Everest Inpatient Physicians, we have the opportunity to expand our long-standing relationship with Memorial Hermann and further demonstrate the value of integrated services as we focus on providing an array of services along the patient continuum of care.

"Additionally, our partnership with Geriatric Essentials highlights our focus on providing services in the post-acute space, including behavioural healthcare."

In order to provide psychiatric and multidisciplinary behavioural interventions, Geriatric Essentials’ advanced nurse practitioners are partnered with 19 nursing homes, assisted care living facilities and assisted residential communities across Tennessee and Mississippi.

Through these partnerships, Geriatric Essentials provides services for 9,000 patients per year.

Everest Inpatient Physicians president Pragnesh Shah said: "Our physicians and nurse practitioners have a passion for delivering excellent patient care, and we are proud to join an organisation that shares that commitment.

"In this ever-changing healthcare environment, it is increasingly difficult for independent groups to meet all the new demands of value-based care."

IPC’s transaction, which is valued at $1.6bn, combines two physician-centric organisations to create a national physician services organisation spanning multiple specialties in both hospitals and post-acute facilities.

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