US Acute Care Solutions Acquires Alteon Health
Feb 21, 2022
USACS physicians bought out Alteon private equity shareholders and will issue USACS ownership to hundreds of Alteon physicians
Canton, Ohio, February 1, 2022 – US Acute Care Solutions (USACS), a national leader in physician-owned emergency medicine, hospitalist, observation and critical care services announced today that it has acquired Alteon Health (Alteon) from its private equity shareholders.
Hundreds of Alteon physicians will become USACS physician owners, and together the two companies will form a leading physician-owned provider of integrated- and post-acute care medicine, serving approximately nine million patients annually in more than 500 hospital-based and post-acute programs in 28 states.
USACS Executive Board Chairman Dominic J. Bagnoli, MD, FACEP, FAAEM, said, “We formed USACS to create a company that would provide a perpetual physician ownership model in order to deliver world-class care to our patients. That ownership model is thriving, and we couldn’t be more excited to welcome 450 new physician owners to our organization.”
“Our scaled physician-partnership is unique in our industry. It is a clear differentiator for us, and it has enabled us to deliver high quality patient care and develop strong, longstanding relationships with our hospital system clients,” said USACS Chief Executive Officer James Frary. “With Alteon on our team, we will further strengthen our existing partner relationships and expand with new key health systems.”
Alteon Chief Executive Officer Steve Holtzclaw, MD, MBA, FACEP, said, “As a physician-founded, physician-led organization committed to building exceptional clinical careers, we are excited about the transition to an ownership model for our physicians. We are equally excited to join forces with USACS to provide the highest quality care to our shared patients and meet the goals of our health system and post-acute partners.”
Sidley Austin LLP and Epstein, Becker & Green served as legal counsel to USACS, and Barclays and Deutsche Bank served as financial and strategic advisors. Greenberg Traurig served as legal counsel to Alteon, and Greenhill served as financial and strategic advisor.
Founded by emergency medicine and hospitalist physicians across the country, USACS is solely owned by its physicians and hospital system partners. The group is a national leader in integrated acute care, including emergency medicine, hospitalist and critical care services. USACS provides high-quality care to approximately seven million patients annually across more than 300 programs and is aligned with many of the leading health systems in the country.
With more than 1,300 clinicians serving approximately 200 practice locations nationwide, Alteon is a leading provider of emergency medicine, hospitalist medicine, critical care, post-acute care and virtual and home health services. The physician-led practice is equipped with 50 years of experience in providing high-quality, industry-leading and patient-focused care in diverse medical markets.
Corporate Communications Department
US Acute Care Solutions
Jan 31, 2024
US Acute Care Solutions Expands Partnership with Inova Health System to Include Comprehensive Emergency Medicine Services at Inova Fairfax Medical Center
CANTON, Ohio, January 31, 2024 – US Acute Care Solutions (USACS), the nation’s largest physician-owned and led acute care practice, is honored to announce the expansion of its partnership with Inova Health System to include four additional programs. Effective January 1, 2024, USACS welcomed the existing emergency medicine physicians and advanced practice providers from the Inova Fairfax Medical Campus (IFMC), which includes the adult emergency department at Inova Fairfax Hospital and the Inova L.J. Murphy Children’s Hospital Pediatric Emergency Department. The IFMC Emergency Department is the fourth busiest ED in the country, seeing 174,000 patients last year. The expanded partnership will also include two freestanding emergency departments: Inova Emergency Care Center – Fairfax City Inova Emergency Care Center – Reston This is an expansion of a partnership that began 23 years ago when Emergency Medicine Associates, one of the 20 physician groups that have since joined USACS, began providing emergency medicine services to Inova Alexandria Hospital. This evolution is testament to Inova and USACS’ shared vision of delivering the best patient care to Northern Virginia, the Washington DC metro area and beyond. Martin Brown, MD, FACEP, President of the USACS East Division and former Chairman of Emergency Medicine at Inova Alexandria, expressed his enthusiasm for this new chapter, stating, "Our decades-long history with Inova Health System has always been rooted in the shared value of delivering exceptional patient care. This expanded partnership is a powerful testament to our joint commitment to serve the Northern Virginia and the greater Washington D.C. area with the best emergency medical services available. We look forward to working collaboratively with the very talented Inova team of physicians and advanced practice providers." The partnership follows a rigorous and competitive selection process aimed at sustaining and enhancing the excellence for which Inova Health System is renowned. Notably, Inova Fairfax, a tertiary care center, is Northern Virginia’s only Level I Trauma Center and Virginia's busiest ED. The pediatric ED is one of the largest in the country. The hospital is ranked #1 in the state according to US News, classified as a Magnet Designation for nursing excellence, and has received an 'A' safety rating from Leapfrog. These recognitions speak volumes about the quality of patient care provided and align seamlessly with USACS' commitment to clinical excellence. Erin Hodson, Vice President Administrator, Inova Medicine Service Line, added, “We look forward to the strategic expansion of our relationship with USACS, a partner who understands our model and is committed to our existing, high-caliber physicians and advanced practice providers. USACS has consistently demonstrated a commitment to providing the highest-quality medical care to our shared patients in this community.” About USACS Founded by emergency medicine and inpatient physicians across the country, USACS is solely owned by its physicians and hospital system partners. The group is a national leader in integrated acute care, including emergency medicine, hospitalist, and critical care services. USACS provides high-quality care to approximately 10 million patients annually across more than 500 programs and is aligned with many of the leading health systems in the country. Visit usacs.com for more. About Inova We areInova, Northern Virginia and the Washington, D.C. metropolitan area’s leading nonprofit healthcare provider. With expertise and compassion, we partner with our patients to help them stay healthy. We treat illness, heal injury and look at a patient’s whole health to help them flourish. Through our expansive network of hospitals, primary and specialty care practices, emergency and urgent care centers and outpatient services, Inova cares for more than one million patients annually, delivering the bestclinical care and a seamless experience. Consistently ranked and recognized as a national healthcare leader in safety, quality and patient experience, Inova’s world-class care ismade possible by the strength and breadth of our network, our 22,000 team members, our technology and our innovation. Inova is home to Northern Virginia’s only Level 1 Trauma Center and Level 4 Neonatal Intensive Care Unit and provides high-quality healthcareto every person in every community we are privileged to serve – regardless of ability to pay – every day of their life. More information about Inova can be found at www.inova.org. ### Media Contact Marty Richmond Corporate Communications Department US Acute Care Solutions 330.493.4443 x1406 [email protected]
Jan 8, 2024
US Acute Care Solutions Names David Peppard as Chief Information Officer
CANTON, Ohio, January 8, 2024 – US Acute Care Solutions (USACS), the nation’s largest physician-owned provider of hospital-based emergency and inpatient medicine, announced today that it has named David Peppard as Chief Information Officer. Most recently, Mr. Peppard served as Chief Technology Officer for SuperCare Health, an industry-leading chronic care management company specializing in post-acute, in-home respiratory care. In this role, he delivered expert guidance and implemented innovative practices to optimize the patient journey. Previously, Mr. Peppard served as both the Chief Information Officer and Chief Technology Officer for a USACS legacy company for 11 years, then served as the Senior Vice President of Technology for USACS as the organization was established in 2015. Mr. Peppard’s history with our group and focus on enhancing existing systems to perform efficiently mark him as the ideal fit for this role within the organization. Chris Hummer, USACS Chief Executive Officer, said, “We are fortunate to have David back in the USACS family as he brings a breadth of industry expertise and holds an established, well-respected presence within our organization. David’s commitment to patient care and forward-thinking tactics are exactly what the organization needs to continue paving a path to success." “I am eager to be back at USACS working with so many familiar and talented colleagues," said Mr. Peppard. "I look forward to collaborating with the organization's leaders and making meaningful contributions to adapt to the industry's shifting dynamics successfully." Mr. Peppard earned his bachelor's degree in mechanical engineering at Vanderbilt University and graduated from Harvard Business School. About USACS Founded by emergency medicine and inpatient physicians across the country, USACS is solely owned by its physicians and hospital system partners. The group is a national leader in integrated acute care, including emergency medicine, hospitalist, and critical care services. USACS provides high-quality care to approximately ten million patients annually across more than 500 programs and is aligned with many of the leading health systems in the country. Visit usacs.com for more. Media Contact Marty Richmond Corporate Communications Department US Acute Care Solutions 330.493.4443 x1406 [email protected]