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SOURCE TeamHealth Holdings Inc.
Expands Emergency Medicine and Hospital Medicine Presence in Kentucky, Indiana, Ohio and West Virginia
KNOXVILLE, Tenn., Oct. 15, 2013 /PRNewswire/ -- TeamHealth Holdings Inc. (NYSE:TMH), one of the nation's largest providers of outsourced physician staffing solutions for hospitals, announced the acquisition of the operations of Marshall Physician Services, LLC, operating as MESA Medical Group or "MESA." Based in Lexington, Ky., MESA manages and staffs emergency medicine and hospital medicine programs for 24 facilities in Kentucky, Indiana, Ohio and West Virginia. A physician-founded and physician-led organization, MESA is a recognized regional leader in providing emergency medicine and hospital medicine staffing services for hospitals. Through the management and staffing of 23 emergency departments and 10 hospital medicine programs, MESA cares for more than 600,000 patients annually.
"When evaluating partnership opportunities, we determined that TeamHealth is a natural fit," said James Foster, MD, MESA co-founder and president. "TeamHealth offers extensive resources in both emergency medicine and hospital medicine management and provides unparalleled support for physicians and other clinicians. We are excited to join an organization that offers clinical and operational support with an emphasis on exceptional patient care."
"We are pleased to welcome MESA to TeamHealth," said Lynn Massingale, MD, FACEP, executive chairman and co-founder of TeamHealth. "Their group of more than 400 physicians and advanced practice clinicians has a reputation for providing exceptional service to hospital clients and the communities they serve. The addition of MESA to TeamHealth underscores our commitment to partner with high-quality physician groups."
"We are excited to expand our presence with the addition of MESA," said Greg Roth, CEO of TeamHealth. "The group's physician-founded and physician-led culture strongly aligns with TeamHealth's mission, and we look forward to working with their seasoned leadership team to advance care and customer service for patients and hospital partners throughout the region."
"We are pleased that MESA has been presented with this opportunity to partner with TeamHealth, a highly respected industry leader in the outsourced physician staffing arena," said Gerry Benjamin, MESA Chairman and Atlanta Equity Investors' Managing Partner. "The ability to consummate this strategic combination was aided by MESA's financial advisor, Navigant Capital Advisors. We are pleased with the outcome of this transaction," added Benjamin.
TeamHealth (Knoxville, Tenn.) (NYSE: TMH) is one of the largest providers of outsourced physician staffing solutions for hospitals in the United States. Through its 18 regional locations and multiple service lines, TeamHealth's more than 9,500 affiliated healthcare professionals provide emergency medicine, hospital medicine, anesthesia, urgent care, specialty hospitalist and pediatric staffing and management services to approximately 850 civilian and military hospitals, clinics, and physician groups in 47 states. The term "TeamHealth" as used throughout this release includes Team Health, Inc., and all of its related entities, divisions, subsidiaries and affiliated physicians and physician groups. For more information about TeamHealth, visit www.teamhealth.com.
About Marshall Physician Services, LLC (MESA)
Founded in 1989 by Drs. John Mullins and James Foster, MESA has emerged as a leading provider of hospital outsourced contract physician emergency department and hospital medicine services, staffing exclusive not-for-profit, academic and for-profit hospital contracts throughout the Commonwealth of Kentucky and the contiguous states of Indiana, Ohio and West Virginia. All told, MESA employs more than 400 physician and mid-level providers, servicing more than 600,000 patient encounters annually. For more information about MESA, visit www.mesamedicalgroup.com.
About Atlanta Equity Investors
Atlanta Equity Investors, LLC (AEQ), led by its Chairman, A.D. (Pete) Correll and Managing Partner, Gerry Benjamin, manages the Atlanta Equity Fund, LP, a $109 million Atlanta-based middle market private equity fund. The Fund's limited partners include leading insurance company, endowment, foundation and family office investors. The firm focuses on control investments in middle market companies with revenues between $20 million and $200 million. Targeted industries include healthcare services, financial services, business services, and software. For more information about AEQ, visit www.atlantaeq.com.
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