CHICAGO, Dec. 4, 2015 /PRNewswire/ -- Brown Gibbons Lang & Company (BGL) is pleased to announce that Salinas Valley Memorial Healthcare System (SVMHS) has acquired Salinas Valley PrimeCare Medical Group (PrimeCare). BGL advised Salinas Valley Memorial in the transaction.
Located south of San Francisco on the central coast, PrimeCare is the largest primary care/specialty medical group in the Salinas Valley, providing care to more than 40,000 residents each year. PrimeCare's footprint includes two primary care locations, an urgent care center, and a full service diagnostic laboratory.
This strategic transaction strengthens Salinas Valley Memorial's reach through the acquisition of 20 physician providers and the expansion of its urgent care platform, Doctors on Duty.
Salinas Valley Memorial Healthcare System is an integrated network of healthcare programs, services, and facilities that serves thousands of people throughout Monterey County each year. Opened in 1953, Salinas Valley Memorial Hospital, a Public District Hospital, is the cornerstone facility of the Healthcare System. The hospital is a 269-bed, multi-specialty, acute care hospital and has a Medical Staff of 300 board-certified physicians across a range of specialties.
About Brown Gibbons Lang & Company
Brown Gibbons Lang & Company is a leading independent investment bank serving the middle market. BGL specializes in mergers and acquisitions advisory services, debt and equity placements, financial restructuring advice, and valuations and fairness opinions, with global industry teams in Consumer Products & Retail Services, Environmental & Energy Services, Healthcare & Life Sciences, Human Capital Management Outsourcing, Industrials, and Real Estate. BGL has offices in Chicago and Cleveland and real estate offices in Chicago, Cleveland, Irvine, and San Antonio, in addition to Global M&A partner offices in more than 50 countries across 5 continents, which allows us to deliver to our clients unparalleled access to corporations, investors, and opportunities globally. For more information, please visit www.bglco.com.
For additional information please contact:
Manfred Steiner, Managing Director, BGL Healthcare & Life Sciences Group
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/brown-gibbons-lang--company-bgl-facilitates-salinas-valley-memorial-healthcare-systems-acquisition-of-primecare-300188107.html
SOURCE Brown Gibbons Lang & Company