TeamHealth acquires two more practices

Dec. 18--Knoxville-based physician services firm TeamHealth has acquired Texas-based Everest Inpatient Physicians and Jackson, Tenn.-based Geriatric Essentials.

Terms of the deals were not disclosed, but they mark the organization's first since its larger merger with IPC Healthcare closed last month.

"TeamHealth is committed to partnering with the best acute and post-acute practices in the country, and the addition of these well-established groups to TeamHealth complements our existing business and will both deepen and expand our presence in acute and post-acute facilities throughout Texas, Tennessee and Mississippi," said Michael Snow, president and CEO of TeamHealth.

"Through our acquisition of Everest Inpatient Physicians, we have the opportunity to expand our long-standing relationship with Memorial Hermann and further demonstrate the value of integrated services as we focus on providing an array of services along the patient continuum of care. Additionally, our partnership with Geriatric Essentials highlights our focus on providing services in the post-acute space, including behavioral health care."

Specializing in both acute and post-acute medicine, Everest Inpatient Physicians provides services for approximately 27,000 patient encounters annually through partnerships with six hospitals throughout southwestern Houston, including Memorial Hermann Health System, an existing TeamHealth client for emergency medicine, hospital medicine, OB/GYN hospitalist and urgent care services.

The deal will give the practice infrastructure and support to meet patient needs and the challenges of health care reform, said Dr. Pragnesh Shah, president and CEO, and Dr. Daryl Dichoso, chief operating officer of Everest Inpatient Physicians.

TeamHealth has more than 13,000 employees nationally and had revenues of $2.8 billion in 2014.

Geriatric Essentials' advanced nurse practitioners partner with 19 nursing homes, assisted-care living facilities and assisted-residential communities throughout Tennessee and Mississippi to provide psychiatric and multidisciplinary behavioral interventions.

Through these partnerships, the group provides services for approximately 9,000 patient encounters annually.

"We are excited to join TeamHealth and IPC Healthcare, organizations that have had tremendous growth in post-acute care and are now leveraging their knowledge to do the same in behavioral health," said David Hughes, NP, president of Geriatric Essentials.

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