Two different private equity firms have gone in together to purchase the “for hire” hospitalist company located in Atlanta. How big I private equity getting to be in healthcare, a place where the “for profits” gather to talk about how to make more money from healthcare and compare portfolios.
How Big Are Private Equity Investments in Healthcare – Large Enough to Create a “Non-Profit” Trade Association To Talk About How to “Profit”
One of the points made on the website is their ability to drop down the length of stay versus peers and other hospitalists. At this point with all the rumbling I am seeing, care is the only thing I give a darn about and so should you. As a patient the business side of all of this means zero.
The company may be doing a great job overall, but again as consumers this leaves us out and is marketed toward the bean counters wanting to save money so I hope with the new PE owners it continues to work and patient care doesn’t suffer. BD
ATLANTA – Three healthcare-focused private equity firms have acquired Eagle Hospital Physicians, an Atlanta-based practice management company for hospitalist physician groups.
Eagle provides hospitalist contract services, telemedicine and hospitalist temporary staffing to its hospital partners, primarily in the Southeast and Mid-Atlantic regions.
Highlander Partners, a Dallas-based investment firm, and Flexpoint Ford, a Chicago-based company, are joined in the transaction by Health Enterprise Partners, a growth equity fund focused on the healthcare industry. The three firms have committed capital to support Eagle's future growth initiatives, said Robert Young, MD, Eagle's founder and current CEO.