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
Nov 16, 2022
US Acute Care Solutions Names Dr. Rajneesh Mathur a Vice President of its Southeast Region
US Acute Care Solutions (USACS) today named Rajneesh Mathur, DO, FACEP a vice president of its Southeast Region. Prior to taking on this role, Dr. Mathur has served in various leadership positions, most recently as a chief recruiter for the Florida region and the chair of the USACS Foundation. He currently serves on the USACS National Clinical Governance Board (NCGB), the Florida Clinical Governance Board, and the USACS Foundation Board. Dr. Mathur practices clinically in the AdventHealth System. Stepping into the role of regional vice president, Dr. Mathur will lead and support, both clinically and administratively, the site medical directors within the AdventHealth system. “It is an honor and a privilege to fill the role of regional vice president,” said Dr. Mathur. “I am confident that I will be able to take on this role and continue serving my clinical colleagues and our patients with the high level of quality and care they deserve.” President of the Southeast Region, Brandon Lewis, DO, FACEP, FACOEP, said, “We are thrilled to have Dr. Mathur as our new vice president of the Southeast Region. His dedication to our region and the organization is something to be admired, and we are looking forward to seeing the positive impact he will have in this role.” A board-certified emergency physician, Dr. Mathur has been with USACS since 2008. He graduated from a seven-year medical program through the New York College of Osteopathic Medicine and The New York Institute of Technology. He then went on to complete his residency in emergency medicine at Henry Ford Macomb. During his residency, Dr. Mathur completed a fellowship in policy studies. He has been AOBEM board certified since 2010. In 2019, Dr. Mathur completed his Executive MBA at the University of South Florida. 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. With its recent acquisition of Alteon Health, USACS provides high-quality care to approximately nine 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
Nov 7, 2022
US Acute Care Solutions Acquires MIDEO: A Video-Based Advance Care Directive Platform
CANTON, Ohio, November 7, 2022—US Acute Care Solutions (USACS) has acquired MIDEO, My Informed Decision on VidEO, a video based advance care planning platform that provides individuals with the ability to visually and verbally communicate their wishes in any medical circumstance. MIDEO, a patented patient safety solution, was developed based off research from The Realistic Interpretation of Advance Directives (TRIAD) which was conducted by founder and CEO, Ferdinando Mirarchi, DO. Through his research and work as an emergency medicine physician, Dr. Mirarchi discovered a persistent nationwide patient safety risk present in various scenarios including those with living wills, physician orders for life sustaining treatment, and those who are critically ill. This is where his idea of incorporating video into the framework of care came into action. Individuals utilizing MIDEO have two options available to complete their profile. They may either elect to use the self-service option, which provides step-by-step clinical decision tools, or they may elect to work with a clinician through the clinician led consult where they undergo a full medical evaluation and review of potential scenarios in which important medical decisions must be made. Together, the patient and clinician create a clear, short, and customized script that conveys the individual’s unique desires regarding medical treatment and intervention. This script is then recorded and saved in video format, empowering the patient to accurately describe their wishes utilizing proper medical terminology. Not only does this provide explicit clarity regarding patient desires in times of medical intervention, but it also equips future clinicians with an easily accessible and understood explanation of those wishes, especially in times of medical emergencies when there is no room to guess. After learning about MIDEO, USACS Executive Chairman, Dominic Bagnoli, MD, FACEP, FAAEM, knew the platform was invaluable to not only incorporate into the innovation strategies being explored by USACS, but also to deploy as a resource for all USACS employees. “We are continually striving to enhance patient safety in our operations, and MIDEO is a resource at the forefront of those endeavors,” said Dr. Bagnoli. “The value we see in this resource is something we are very much looking forward to sharing at no cost with our 6,000+ employees.” As the MIDEO platform is incorporated into USACS offerings, the goal will be to increase the visibility of the resource throughout the network and expand the technological capabilities of the programming. “I am thrilled to be joining forces with the USACS team to propel the MIDEO platform forward and into the hands of even more patients nationwide,” said Dr. Mirarchi. “My goal in creating MIDEO was to give patients the ability to clearly and effectively communicate their wishes so that clinicians and families could avoid facing the decision paralysis that often arises in medical situations. In return, families and clinicians can then focus on providing the right care at the right time, whether that be through aggressive life-saving care or through the provision of resources to support end of life care, the focus remains on providing the appropriate medical interventions.” Amer Aldeen, MD, FACEP, chief medical officer of USACS, is also looking forward to bringing the MIDEO platform into the USACS offerings as patient safety is a top priority in his role. “It has been shown there is an 80% rate of misinterpretation of living wills and DNR documentation,” noted Dr. Aldeen. “We are optimistic we can decrease this rate significantly while ensuring a higher level of patient safety through the deployment of leading technological advances such as MIDEO.” 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 nine 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