US-based TeamHealth Holdings has signed an agreement to acquire national acute hospitalist and post-acute provider IPC Healthcare, for an enterprise value of $1.6bn.
Under the deal, IPC Healthcare will receive $80.25 per share from TeamHealth.
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TeamHealth president Mike Snow said: "Through this combination, TeamHealth will be better positioned to capitalise on key trends as the US healthcare industry moves toward value-based reimbursement with an increased focus on post-acute care and services."
IPC Healthcare CEO Adam Singer said: "This agreement provides an immediate cash premium to our shareholders, and we look forward to partnering with TeamHealth to advance our mission of delivering high-quality inpatient care efficiently and cost effectively."
IPC Healthcare’s affiliated physicians and other clinical providers offer services in 400 hospitals and 1,700 post-acute care facilities.
The company provides comprehensive training to its affiliated clinicians, as well as information technology and management support systems to the facilities that it serves to enhance the quality and reduce the cost of patient care.
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By GlobalDataThe combined company will become one of the leading physician services organisations in the country with 15,000 healthcare professionals, said TeamHealth.
Subject to regulatory approval and customary closing conditions, the deal is expected to be completed during the fourth quarter of this year.
Through 21 regional locations and multiple service lines, TeamHealth provides outsourced physician staffing solutions for hospitals in the US.
