Press Releases

Edgemont Capital Partners Completes Sale Of Premier Physician Services To TeamHealth

acquired by
October 2014

Healthcare investment banking firm serves as exclusive financial advisor to Premier, one of the largest independent Emergency Medicine physician groups in the U.S.

NEW YORK and DAYTON, October 22, 2014 — Edgemont Capital Partners, L.P., a leading independent investment banking firm providing M&A advisory services to healthcare companies, today announced that it has acted as exclusive financial advisor to Premier Physician Services, Inc. (“Premier”) in the sale of the company to TeamHealth Holdings Inc. (NYSE:TMH). Terms of the transaction were not disclosed.

Premier was established in 1987 and provides emergency department, hospital medicine, correctional care and occupational medicine management and staffing for facilities in Ohio and six other states. The transaction closed on October 21, 2014, and was led by Jeff Swearingen,
managing director and co-founder of Edgemont Capital Partners, L.P., and head of Edgemont’s Physician Services Group.

Physician practice consolidation has accelerated in 2014 as the rollout of the Patient Protection and Affordable Care Act drives significant change and increased complexity in healthcare. This operating environment has led many Emergency Medicine and other hospitalbased specialty practices to sell or merge their practices into large organizations that offer greater management depth, access to capital, and IT expertise to support physician practices. We believe this trend will only continue to accelerate, said Mr. Swearingen.

Edgemont’s role as Premier’s exclusive advisor marks the firm’s fifth successfully closed transaction on behalf of hospital-based physician groups and management companies. Edgemont previously represented Milford Anesthesia Associates in its sale to Envision Healthcare Holdings, Inc. (formerly known as EmCare) (NYSE: EVHC), South Oakland Anesthesia Associates in its sale to MEDNAX, Inc. (NYSE: MD), Practice Support Resources, LLC in its sale to Intermedix Corporation, and Wolverine Anesthesia Consultants in its sale to TeamHealth Holdings Inc. (NYSE: TMH).

Independent, high quality physician practices of scale are seeking the highest level of quality and experience in the financial advisors they hire. Edgemont has had an unparalleled level of success advising physician practices, added Mr. Swearingen.

Based in Dayton, Ohio, Premier’s more than 700 physicians and advanced practice clinicians provide emergency department, hospital medicine, correctional care and occupational medicine management and staffing for 42 emergency departments, seven hospital medicine programs, 11 occupational medicine programs and 14 correctional care programs. Premier provides care for more than one million patients annually.

Right from the start, Jeff and the Edgemont team demonstrated a strong understanding of the Emergency Medicine business and a real commitment to providing great service and the right advice, said Dr. Bill Cole, Chief Executive Officer of Premier.

Edgemont’s market insight and strong execution resulted in a great transaction for Premier’s shareholders, with a partner that will provide the tools and resources to better serve our hospital clients.

About Edgemont Capital Partners, L.P.

Edgemont Capital Partners, L.P. (www.edgemontcapital.com) is a specialty M&A advisory firm dedicated to providing the highest quality strategic advisory and capital raising services to healthcare companies. The firm’s deep healthcare industry knowledge, extensive relationship network and substantial transaction expertise allows Edgemont to address healthcare companies’ strategic and financing needs with great success. Edgemont Capital Partners, L.P. provides sell-side and acquisition advisory, restructuring advisory, board advisory and private placement services.

For more information on Edgemont Capital Partners, L.P.’s efforts in Physician Services contact Jeff Swearingen at +1 (212) 867-8938.

Investment banking services are provided by Edgemont Capital Partners, L.P., a registered broker-dealer and member of FINRA and SIPC.