GHP October 2016

38 | ghp October 2016 Edgemont Capital Partners Completes Sale of Florida Emergency Physicians to TeamHealth Based in Orlando, Florida, FEP is the exclusive emer- gency medicine staffing provider for 11 facilities span- ning five counties within the Florida Hospital health system. FEP comprises approximately 150 physicians and 100 advanced practice clinicians who provide care for 600,000 patients each year. FEP is the largest independent Emergency Medicine physician group in the state of Florida and has served the Florida Hospital system for over 45 years. “Right from the start, Jeff and the Edgemont team demonstrated a strong understanding of the emer- gency medicine business and a real commitment to providing great service and the right advice,” said Dr. Jorge Lopez, chief executive officer of FEP. “Edgem- ont’s market insight and strong execution resulted in a great transaction for FEP’s shareholders, with a part- ner that will provide the tools and resources to better serve the emergency medicine needs of Orlando. We are grateful to the Edgemont team for its expert advice and guidance throughout the sale process. Edgemont’s professionalism and dedication to this engagement, and the depth of its industry experience resulted in a competitive process that brought us an outstanding partner.” Edgemont’s role as FEP’s exclusive advisor is the firm’s tenth closed transaction on behalf of hospi- tal-based physician groups and management com- panies and fourth in emergency medicine. Edgemont has now served as exclusive advisor to emergency medicine practices and management companies rep- resenting over 5 million annual emergency room visits. “Independent, high quality physician practices of scale are seeking the highest level of quality and expe- rience in the financial advisors they hire. Edgemont is unsurpassed in its track record of achieving the best transaction outcomes for its independent physician practice clients,” added Mr. Swearingen. “No other investment banking firm has represented more large and mid-sized independent hospital-based physician groups in sale transactions, and Edgemont is the only investment bank that has represented independent groups in sale transactions with all of the public- ly-traded hospital-based specialty providers, including EmCare, MEDNAX, Sheridan and TeamHealth.” Associate Reid Petersen and two analysts complet- ed the Edgemont transaction team. Brent Hill and Amanda Jester of Waller Lansden Dortch & Davis, LLP served as legal counsel to FEP. Edgemont Capital Partners, L.P., a leading independent invest- ment banking firm providing merger and acquisition advisory services to healthcare companies, announced that it acted as exclusive financial advisor to Florida Emergency Physicians Kang & Associates, M.D., Inc. in the sale of the company to TeamHealth Holdings Inc. The transaction closed on October 1st 2016 and was led by Jeff Swearingen, managing director, co-founder of Edgemont, and head of the firm’s physician ser- vices group and Luke Mitchell, managing director. Deals