Adeptus Health and Deerfield Join Forces to Enable High Quality Emergency Care
NEW YORK, April 19, 2017 /PRNewswire/ -- Deerfield Management announced its plan to acquire Adeptus Health with a long-term commitment to the delivery of high quality, efficient emergency care. Deerfield is a 23 year-old firm focused on advancing healthcare through investment, information, and philanthropy. With over $8 billion in assets, and industry leading investment, operations, and market research teams, Deerfield brings to Adeptus highly relevant expertise in addition to expansion capital.
"Adeptus is uniquely positioned to change the healthcare services delivery paradigm by providing access to emergency care in settings that are both efficient and of the highest quality, " stated Jim Flynn, Managing Partner of Deerfield Management. "This is of increasing importance as healthcare systems evolve to meet the demands of patients. Our goal is to be the best provider we can be on behalf of our hospital venture partners and the communities we serve."
"We are excited about partnering with Deerfield to help us continue caring for our patients and improving our business. Deerfield brings a flexible combination of expertise, capital and a passion for quality healthcare that offers the potential to fundamentally elevate our business," stated Gregory W. Scott, Chairman & Interim Chief Executive Officer of Adeptus Health.
Adeptus has been and will remain the first line of defense for emergency healthcare, with high quality outcomes and convenient access for all the families, neighbors, and employees in its communities. Adeptus will strive to serve its many constituencies by delivering an excellent patient experience, fostering a well-supported work environment and engaging collaboratively with its hospital partners to improve local healthcare communities. The facilities are innovative, freestanding, and fully-equipped emergency rooms with state of the art diagnostic technology (CT Scanners, Ultrasound, and Digital X-ray) and on-site labs. Furthermore, each facility is staffed with board-certified physicians and emergency trained registered nurses.
The consummation of Deerfield's acquisition of Adeptus is subject to customary conditions, including bankruptcy court approval of Adeptus Health's plan of reorganization.
About Adeptus
Adeptus Health (NYSE: ADPT) is a leading patient-centered healthcare organization expanding access to the highest quality emergency medical care through its network of freestanding emergency rooms and partnerships with premier healthcare providers. For more information, please visit www.adpt.com.
About Deerfield
Deerfield is an investment management firm committed to advancing healthcare through investment, information and philanthropy.
For more information, please visit www.deerfield.com
Contacts
Deerfield Management Company
Karen Heidelberger, 212-692-7140
[email protected]
SOURCE Deerfield Management Company
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