Third Physician Group Joins USACS as Momentum Continues
CANTON, OHIO and GERMANTOWN, MD.
US Acute Care Solutions (“USACS”), a national leader in emergency medicine and hospitalist services, today announced a partnership with Maryland-based MEP Health, an emergency physician practice that serves nine facilities across three states in the Mid-Atlantic region. MEP Health is composed of 130 board-certified emergency medicine physicians and 110 physician assistants and nurse practitioners who provide care to more than 500,000 patients annually.
“MEP Health is a highly respected practice that holds culture and quality care above all else, something USACS founders and partners intimately understand and embody,” said Dr. Dominic Bagnoli, CEO, USACS. “The MEP Health partnership serves as a strong signal of growing interest in the USACS model, which combines majority physician ownership with outstanding nationwide clinical and operating capabilities.
“MEP Health is excited to join EMP and EPPH as founding Partners in USACS,” said Dr. Angelo Falcone, CEO, MEP Health. “As healthcare continues to change, offering a more comprehensive solution across the care continuum of emergency, observation, hospitalist and post acute care services is a requirement. Being able to leverage USACS’ size and scale to deliver the answers to our hospital partners becomes an imperative.”
Dr. Falcone added, “Over these last 18 years, MEP Health has built a successful physician-led company from the Mid-Atlantic into New England, living our motto of ‘Making People Better.’ In USACS we have found a partner who believes in our founding principles of physician ownership, leadership development and best business practices to deliver exceptional clinical care for the benefit of our patients, health systems and colleagues.”
Since May 2015, EMP has partnered with co-founders EPPH, WCAS and now MEP Health to deliver the resources, business support and capital of a substantial enterprise while maintaining physician ownership and leadership.
This partnership agreement, which has been approved by the shareholders of MEP Health, is subject to customary closing conditions, and is expected to close by year-end.
Ropes & Gray LLP served as legal counsel to USACS. Deloitte Corporate Finance LLC is acting as the financial advisor to MEP Health, and Proskauer Rose LLP is serving as its legal counsel.
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Established in May 2015 by Emergency Medicine Physicians (“EMP”) and Welsh, Carson, Anderson & Stowe, USACS is focused on becoming the national leader in emergency medicine and hospitalist services. USACS offers emergency medicine groups a strategic partnership by providing business support, industry resources and capital backing. Founded in 1992, EMP is one of the largest physician-owned emergency medicine practices in the country, with more than 900 doctors and 300 advanced practice providers. EMP provides high quality emergency care to over 2.7 million patients each year at more than 70 hospitals in 15 states, and is aligned with leading hospital systems across the country.
About MEP HEALTH
MEP has been an innovator in outpatient and emergency care since 1997. As a trusted hospital partner serving over half a million patients each year, MEP has established a proven track record, built upon well-developed processes and a culture that’s proactive and goal-oriented.
About Welsh, Carson, Anderson & Stowe
Welsh, Carson, Anderson & Stowe focuses its investment activity in two target industries: healthcare and information/business services. Since its founding in 1979, the firm has organized 16 limited partnerships with total capital of $23 billion. The firm is currently investing Welsh, Carson, Anderson & Stowe XII, L.P. See www.welshcarson.com to learn more.