NEW YORK, Jan. 22, 2016 /PRNewswire/ -- Deloitte Corporate Finance LLC (DCF) acted as exclusive financial advisor to MEP Health, LLC (MEP), a leading provider of emergency care services, in its merger with US Acute Care Solutions (USACS). The merger closed on Dec. 31, 2015.
MEP is a Maryland-based emergency physician practice that services nine facilities across three states in the Mid-Atlantic region. MEP health is composed of 130 board-certified emergency medicine physicians and 110 physician assistants and nurse practitioners who provide care to more than 500,000 patients annually. MEP has rapidly expanded its market presence over the last decade by providing top-tier quality care for its patients.
"MEP Health is excited to join EMP (Emergency Medicine Physicians), EPPH (Emergency Partners at Porter Hospitals, P.C.) and TBEP (Tampa Bay Emergency Physicians, PL) as Founding Partners in USACS," said Dr. Angelo Falcone, CEO, MEP Health. "As healthcare continues to change, offering a more comprehensive solution across the care continuum of emergency, observation, hospitalist and post-acute care services is a requirement. Being able to leverage USACS's size and scale to deliver the answers to our hospital partners becomes an imperative."
"It has been a pleasure working with Dr. Falcone and his partners to stay at the forefront of emergency physician services," said Simon Gisby, managing director and life sciences & health care group lead, Deloitte Corporate Finance LLC. "We are delighted to help MEP Health become a founding partner of US Acute Care Solutions, and grow to become a national provider of acute care services."
About MEP Health, LLC
MEP is a leading provider of outpatient and emergency care, treating approximately 500,000 patients in 2015. MEP has built a strong network of physician campuses along the eastern United States with 10 emergency departments, 3 observation units, 5 urgent care centers, a skilled nursing division, and a hospital management consulting division. The company's efficient emergency department model has demonstrated improvements to throughput and utilization, all while improving customer services and satisfaction. The company was founded in 1997 and is headquartered in Germantown, MD.
About US Acute Care Solutions
Focused on building the leading emergency medicine and hospital service provider, USACS was founded by Emergency Medicine Physicians (EMP) and Welsh, Carson, Anderson & Stowe (WCAS) in May 2015, and has since partnered with Emergency Partners at Porter Hospitals, P.C. (EPPH) and Tampa Bay Emergency Physicians, PL (TBEP). Primarily physician owned, USACS offers emergency medicine and hospitalist practices a strategic partnership as well as the clinical resources, business support infrastructure and capital backing required to be successful. USACS is one of the largest acute care platforms in the country, providing high quality clinical care to over 3.5 million patients annually at more than 90 hospitals in leading healthcare systems across the country.
About Welsh, Carson, Anderson & Stowe
Welsh, Carson, Anderson & Stowe (WCAS) is a private equity firm with a focus in healthcare and information services, dedicated to partnering with outstanding management teams to drive operational improvements and internal growth. WCAS has successfully partnered with physicians and major integrated delivery systems previously through its partnership with US Anesthesia Partners, United Surgical Partners, and US Oncology, among others. WCAS has raised and managed over $22 billion in capital and has a current portfolio of approximately 25 companies.
About Deloitte Corporate Finance LLC
Deloitte Corporate Finance LLC (DCF) provides strategic advisory services and M&A advice that help corporate, entrepreneurial and private equity clients create and act upon opportunities for liquidity, growth and long-term advantage. With an in-depth understanding of the marketplace and access to a global network of investment bankers, we help clients confidently pursue strategic transactions in both domestic and global markets. DCF, together with the Corporate Finance Advisory practices within the Deloitte Touche Tohmatsu Limited network of member firms, include in excess of 1,900 professionals, who work collaboratively across 150 international locations. With our significant experience providing investment banking services across key industries, we are able to offer our clients solutions that help them to achieve their strategic objectives. For more information, visit www.investmentbanking.deloitte.com.
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