TeamHealth buys emergency department staffing firm EmMed
TeamHealth now has oversight of more than 19,000 affiliated physicians and advanced practice clinicians.
Physician services organization TeamHealth Holdings has acquired the provider operations of EmMed, PC, the company announced on Thursday.
Based in Bay City, Michigan, EmMed provides care to approximately 44,000 patients each year through staffing and management of the emergency department at McLaren Bay Regional Hospital.
TeamHealth now has oversight of more than 19,000 affiliated physicians and advanced practice clinicians, offering services such as outsourced emergency medicine, acute care surgery, post-acute and ambulatory care to about 3,400 facilities and physician groups across the country.
[Also: Tracking 2016 mergers and acquisitions]
It's the second acquisition by TeamHealth in a matter of months. In June, the outfit scooped up operations of the Tri-City Emergency Medical Group based in Oceanside, California, which delivers care to about 70,000 patients annually through staffing and management of the Tri-City Medical Center emergency department.
The Tri-City deal came months after a failed $7.6 billion deal with surgery center management company AmSurg, which would have given shareholders 0.768 shares of AmSurg and $15.49 in cash for every share of TeamHealth. AmSurg pulled out of the deal, blaming TeamHealth board members for failing to engage with them.
[Also: TeamHealth acquires Tri-City Emergency Medical Group operations]
Lynn Massingale, MD, co-founder and executive chairman of TeamHealth, said in a statement that the company's strategy "is to grow our business through partnerships with quality physician groups." Kenneth Parsons, MD, president of EmMed, PC, said the partnership will provide the company with needed resources and support.
Twitter: @JELagasse
