US Acute Care Solutions Physician-Owners to Buy Out Private Equity Partner WCAS
Press Release
Feb 9, 2021
USACS Executive Chairman of the Board of Directors, Dominic J. Bagnoli, MD, FACEP, FAAEM, said, “We are extremely grateful to our partners at WCAS, who helped form USACS in 2015 with the stated goal of bringing together like-minded, independent physician practices committed to perpetual physician ownership. WCAS’ faith in our vision of physician ownership has created the opportunity for our physicians to take full control of our future.
“For years, skeptical observers noted it would only be a matter of time before physicians lost control of their practices entirely. We were determined to prove them wrong, and we have succeeded,” Dr. Bagnoli concluded.
Brian T. Regan, General Partner at WCAS, said, “All of us at WCAS are proud of our involvement with USACS. That has been especially true these past 12 months when everyone involved, from physicians and advanced practice providers, to non-clinical support staff, to the group’s hospital partners came together as one to care for patients as the first line of defense against COVID-19. USACS has an extremely bright future as its physicians and system partners take full ownership.”
James Frary, USACS Chief Executive Officer, said, “Soon the world will put an end to the greatest global health crisis of our lifetimes, and USACS will emerge stronger than it entered thanks to the determined efforts of our physicians, APPs and non-clinical employees.
“Together with our health system partners, our physicians taking full ownership of the group will further position USACS as the premier destination for acute care clinicians and the premier partner for health systems that value high-quality, patient-focused acute care.”
Mr. Frary continued, “There is no question this move signals growth ahead for USACS, and it distinguishes us as the standard bearer in our industry for the scaled partnership model.”
This transaction is facilitated in part by an investment made by funds managed by affiliates of Apollo Global Management, Inc. (together with its subsidiaries, “Apollo”).
Apollo Partner and Head of U.S. Hybrid Value, Jason Scheir, said, “Apollo is excited to advance the USACS physician ownership model, which we view as strategically differentiated in the industry. This transaction allows USACS to continue to be controlled by its physician owners and positions the business for additional growth with capital and strategic support from Apollo’s Hybrid Value business.”
The transaction is subject to customary closing conditions and expected to close in Q1 2021. Barclays, Greenhill and Deutsche Bank acted as financial and strategic advisors to USACS and Ropes & Gray and McDermott Will & Emery served as legal counsel.
About USACS
Founded by 15 emergency medicine and hospitalist physician groups across the country, USACS is the national leader in physician-owned integrated acute care, including emergency medicine, hospitalist and critical care services. USACS provides high-quality care to approximately 6 million patients annually across more than 260 programs and is aligned with leading health systems across the country.
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Media Contact
Marty Richmond
Corporate Communications Department
US Acute Care Solutions
330.493.4443 x1406
[email protected]
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Press Release
Jul 20, 2023
Houston Methodist Selects US Acute Care Solutions as System-Wide Provider of Emergency Medicine Services
Houston Methodist Selects US Acute Care Solutions as System-Wide Provider of Emergency Medicine Services CANTON, Ohio, July 20, 2023 – Effective July 19, 2023, US Acute Care Solutions (USACS), the nation’s largest physician-owned and led acute care practice, has been named the exclusive provider of emergency medicine services across the renowned Houston Methodist system. Locations include: Houston Methodist Hospital Houston Methodist Sugar Land Hospital Houston Methodist West Houston Hospital Houston Methodist Willowbrook Hospital Houston Methodist The Woodlands Hospital Houston Methodist Baytown Hospital Houston Methodist Clear Lake Hospital Houston Methodist Emergency Care Center – Cinco Ranch Houston Methodist Emergency Care Center – Cypress Houston Methodist Emergency Care Center – Kirby Houston Methodist Emergency Care Center – Voss Houston Methodist Emergency Care Center – Pearland Houston Methodist Emergency Care Center – Sienna Houston Methodist Emergency Care Center – Spring Houston Methodist Emergency Care Center – The Woodlands Houston Methodist Emergency Care Center – Magnolia Houston Methodist Emergency Care Center – League City Houston Methodist Emergency Care Center – Deer Park With a reputation for delivering high-quality, patient-centered care, Houston Methodist has been named the number one hospital system in Texas and one of the premier systems in the United States consistently for many years. USACS is honored to partner with Houston Methodist in this significant capacity. Under the agreement, the physicians and advanced practice clinicians (APCs) currently caring for patients in the emergency departments of Houston Methodist will remain in their roles, and all full-time physicians will be offered the opportunity to become equity owners of USACS. This continuity of care will ensure patients maintain access to their trusted clinical team, while empowering the system’s physicians to secure their long-term future as physician-owners. Dr. Matt Patlovany, President and Chief Clinical Officer of USACS, commented on the opportunity to serve the Houston Methodist system, stating, "As a native Texan, I am acutely aware of the prestige and importance of Houston Methodist within our state. I am incredibly excited to lead this talented team of physicians and APCs in providing exceptional emergency medicine services to patients across the system. Our physician-owned and led approach puts patients at the forefront of every decision we make, and our focus will be on delivering compassionate, evidence-based care to ensure the best possible outcomes for every patient who walks through our doors." "We are pleased to partner with USACS as the provider of emergency medicine services for our entire system. We continue to provide the high-quality service to our patients and community and believe this collaboration will enhance our emergency department services, and further strengthening our ability to deliver exceptional care to our patients,” said Wayne Voss, CEO, Houston Methodist West Hospitaland executive sponsor of the hospital system’s emergency department council. Dominic J. Bagnoli, MD, FACEP, FAAEM, Executive Chair of the USACS Board of Directors said, “USACS was formed to bring the best groups in the country together to form a perpetual physician-owned organization in acute care services. We are focused on partnering with the best health systems in the country – Houston Methodist and the clinicians in the system are perfect partners in our long-term strategic vision.” USACS brings a wealth of expertise and resources to Houston Methodist, including advanced clinical protocols, innovative technology solutions, and a commitment to continuous quality improvement. This partnership will enhance the emergency medicine services provided throughout the Houston Methodist system, ensuring patients receive timely and effective care when they need it most. 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. About Houston Methodist Houston Methodist is one of the nation’s leading health systems and academic medical centers. The health system consists of eight hospitals: Houston Methodist Hospital, its flagship academic hospital in the Texas Medical Center, six community hospitals and one long-term acute care hospital throughout the Greater Houston metropolitan area. Houston Methodist also includes a research institute; a comprehensive residency program; international patient services; freestanding comprehensive care, emergency care and imaging centers; and outpatient facilities. Houston Methodist employs approximately 30,000 people and had more than 1.9 million outpatient visits and more than 138,000 admissions in 2022. U.S. News World Report has named Houston Methodist Hospital the Best Hospital in Texas for 11 years in a row. Houston Methodist is the No. 1 hospital in Texas and No. 15 in the nation. For more information about Houston Methodist, visit houstonmethodist.org. Follow us on Twitter, Facebook and On Health. ### Media Contact Marty Richmond Corporate Communications Department US Acute Care Solutions 330.493.4443 x1406 [email protected]
Press Release
Jun 23, 2023
US Acute Care Solutions Names Dr. Amit Kalaria a Regional Vice President of its Northeast Division
CANTON, Ohio, June 23, 2023 –Effective July 1, 2023, US Acute Care Solutions (USACS) has named Amit Kalaria, MD, a Regional Vice President of its Northeast Division. Dr. Kalaria has held several leadership positions throughout his 17 years with USACS, most recently overseeing 14 service lines as the System Medical Director of Integrated Acute Care Services at Adventist Healthcare. As Regional Vice President, he will lead and support, both clinically and administratively, the teams and leaders of Adventist Healthcare, Meritus, and UPMC Western Maryland. “Dr. Kalaria’s peers have recognized him as a strong, decisive leader and appreciate his clear and concise approach to problem solving,” said Martin Brown, MD, FACEP, President of USACS’ Northeast Division. “He is an accomplished physician leader, and I am excited to have him join our division in this elevated capacity.” “I am honored to step into this new role,” shared Dr. Kalaria. “I look forward to working with our exceptional team of physicians, APPs, and support staff to continue providing high-quality, patient-centered care to our communities.” Dr. Kalaria is a board-certified physician leader with a track record of spearheading successful initiatives to improve the quality of care delivered across multiple service lines. He is an active member of several committees, serving as President’s Council Board Member for Adventist Healthcare, and was the physician member of both the Quality and Patient Safety Committee and the Utilization Management Committee at Western Maryland Health Systems. He also served as a member of the USACS Regional Clinical Governance Board. Dr. Kalaria earned his undergraduate degree at the University of Michigan and received his medical degree from Michigan State University. He completed his emergency medicine residency at Northwestern University where he served as Chief Resident. About USACS 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 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. ###