Press Releases

Edgemont Capital Partners Supports Anesthesia Services Associates in Completed Sale to PhyMed

acquired by
November 2015

Healthcare investment banking firm serves as exclusive financial advisor to ASA

NEW YORK and NASHVILLE, November 19, 2015 — Edgemont Capital Partners, LP (“Edgemont”), a leading independent investment banking firm providing M&A advisory services to healthcare companies, today announced that it acted as exclusive financial advisor to Anesthesia Services Associates, PLLC (“ASA”) in its sale to PhyMed Management, LLC. Terms of the transaction were not disclosed.

ASA provides anesthesia department management and staffing for TriStar Hendersonville Medical Center, an HCA hospital and several ambulatory surgery centers.  The transaction closed on November 16, 2015.  Jeff Swearingen, managing director, co-founder of Edgemont, and head of the firm’s Physician Services Group, led the Edgemont engagement team, along with Luke Mitchell and Reid Petersen.  Brent Hill of Waller Lansden Dortch & Davis, LLP acted as legal counsel to ASA in the transaction.

The sale of ASA is Edgemont’s seventh closed transaction on behalf of hospital-based physician groups and management companies and fifth in anesthesia.  Edgemont has now served as exclusive advisor to anesthesia practices and management companies that account for over 400,000 annual cases.  Edgemont previously represented Milford Anesthesia Associates in its sale to Envision Healthcare Holdings, Inc. (NYSE: EVHC); South Oakland Anesthesia Associates in its sale to MEDNAX, Inc. (NYSE: MD); Wolverine Anesthesia Consultants in its sale to TeamHealth Holdings Inc. (NYSE: TMH), and New Jersey Anesthesia Associates in its sale to MEDNAX, Inc. (NYSE: MD).  Edgemont also advised Premier Physician Services, Inc. in its sale to TeamHealth Holdings Inc. (NYSE: TMH), and Practice Support Resources, LLC in its sale to Intermedix Corporation.

“Independent, high quality physician practices of scale are seeking the highest level of quality and experience in the financial advisors they hire,” said Mr. Swearingen.  “Edgemont is unsurpassed in its success in advising physician practices.”

About Edgemont Capital Partners, L.P.

Edgemont Capital Partners, LP (www.edgemontcapital.com) is a leading independent investment banking firm founded in 2001 providing the highest quality strategic advisory and capital raising services to healthcare companies.  The firm’s deep healthcare industry knowledge, broad relationship network and extensive transaction expertise allow Edgemont to address healthcare companies’ strategic and financing needs with great success. The firm’s principals have closed over 100 transactions, representing more than $30 billion in value.

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

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