TeamHealth Acquires The Exigence Group
KNOXVILLE, Tenn., May 1, 2012 /PRNewswire/ -- TeamHealth Holdings Inc. (NYSE: TMH) today announced the acquisition of the operations of The Exigence Group ("Exigence") and its related entities. Based in Amherst, New York, Exigence currently provides care to approximately 500,000 patients each year through the management and staffing of 12 emergency departments, 3 hospital medicine programs, and 8 freestanding, patient-centered urgent care centers operating under the name Immediate Care Centers. The group's current operations are located in New York, Ohio, Pennsylvania, and Texas.
The current Exigence leadership team will continue to serve its existing clients out of the Amherst-based office while seeking opportunities for growth in hospital-based staffing services throughout western New York and adjacent states. In addition to growing its hospital-based services, the existing Exigence management group will also provide leadership and oversight of TeamHealth's development of Immediate Care Center services, supporting both existing and new hospital clients in other markets around the country.
"Since 2000, The Exigence Group has earned a reputation for providing customized solutions for the healthcare industry that meet the ever-changing needs of patients," states Gregory F. Daniel, MD, CEO, The Exigence Group. "We chose to partner with TeamHealth to secure the additional resources and infrastructure necessary to continue to provide our hospital and health system clients with the highest level of service and optimal performance they have come to expect. In addition, this new partnership enables us to expand our Joint Commission accredited urgent care model nationally, providing the highest quality patient care at affordable prices."
"One of the most appealing aspects of The Exigence Group is their strong and growing Immediate Care Center business," states Oliver Rogers, President, TeamHealth Hospital Based Services. "Their expertise in the urgent care arena will be particularly valuable as we continue to expand our model as a comprehensive healthcare solutions organization that partners with hospitals and health systems throughout the entire patient continuum of care."
"We are excited to expand our presence in the Northeast with the addition of The Exigence Group," states Greg Roth, President and CEO, TeamHealth. "The group's strong performance in the areas of physician recruitment and retention and superior customer service is strongly aligned with TeamHealth's mission and culture. I look forward to working with their seasoned leadership team on continued growth in this region."
TeamHealth (NYSE: TMH) is one of the largest providers of outsourced physician and clinical staffing solutions for hospitals in the United States. Through its 7 principal service lines located in 16 regional sites, TeamHealth's more than 7,700 affiliated healthcare professionals provide emergency medicine, anesthesiology, hospital medicine, urgent care and pediatric staffing and management services to more than 750 civilian and military hospitals, clinics and physician groups in 47 states. The term "TeamHealth" as used throughout this release includes Team Health Holdings, Inc., and all of its related entities, companies, affiliates, subsidiaries and affiliated physician groups.
About The Exigence Group
The Exigence Group is a diversified healthcare management organization led by physicians. The Exigence Group designs and delivers customized solutions for patients, hospitals, health systems and communities. In addition to offering emergency medicine, hospital medicine, urgent care, occupational medicine and wellness programs, The Exigence Group also provides consulting services in areas such as Emergency Department design, information technology infrastructure, and electronic medical record systems.
SOURCE Team Health Holdings Inc.