INSIGHT

desert-mountain_2Desert Mountain Consultants in Anesthesia, P.C. (DMC) has been acquired by Sheridan Healthcare. DMC provides anesthesia and pain services at thirteen locations in Phoenix, Arizona. Provident Healthcare Partners served as exclusive financial advisor to DMC. The terms of the transaction were not disclosed.

“This strategic partnership will give Desert Mountain the foundation we need to succeed in the rapidly changing Phoenix healthcare marketplace. We are excited to join with Sheridan Healthcare and Valley Anesthesia Consultants in providing the highest quality care for our patients,” commented Mark A. Wix, MD, President at DMC.

“The physician shareholders at DMC have built an extraordinary practice with strong community ties in the Phoenix area,” noted Craig Sager, Senior Associate at Provident Healthcare Partners.

“The partnership with Sheridan will provide DMC with the resources of a national provider of anesthesia services and will best position DMC for rapid growth within their current marketplace and beyond,” stated Justin Hand, Managing Director at Provident Healthcare Partners.

About Desert Mountain Anesthesia
The Company was incorporated in July 1999 to focus on providing anesthesia services at John C. Lincoln Hospital. Initially, there were four founding members, but this has since expanded to thirteen Employee Shareholders. DMC also has a network of independent practitioners who assist in coverage when needed.

About Sheridan Healthcare
Sheridan is the nation’s leading healthcare solutions provider for anesthesia services, emergency department services, women’s and children’s services and radiology services. Sheridan actively partners with physicians, hospitals and ambulatory surgery centers to improve performance and reduce expenses while increasing patient satisfaction. Sheridan’s collaborative approach and proven methodologies have served its clients since 1953. For more information, please visit http://sheridanhealthcare.com/.

About Provident Healthcare Partners
Provident is the leading investment banking firm specializing in merger and acquisition advisory, strategic planning, and capital formation for middle-market and emerging growth healthcare companies. The firm has a vast network of high-level, senior industry contacts, a thorough knowledge of market sectors and specialties, and unsurpassed experience and insight into the M&A process. Provident uncovers value and opportunities that others often overlook to create transaction premiums for its clients. For more information, visit the Provident website www.providenthp.com.

Contact:
Provident Healthcare Partners
Gina Casiello, Senior Analyst
877-742-9800

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  • “A lot of investment bankers were interviewed, Provident was chosen. Provident delivered. My clients could not be happier.”

  • ”I have a tremendous amount of appreciation and gratitude to the Provident team for their hard work and diligence throughout this process. Each and every member of the Provident team is excellent at their jobs and it has been a pleasure working with such a professional team. Provident has provided outstanding guidance and counsel, and this deal could never have gotten done without Provident’s leadership.”

  • “Provident listened to our story, confirmed that our business was valuable and made us feel like this was the only transaction important to them.”

  • “We would not have been successful navigating the process without Provident’s hard work and active participation. They exceeded our expectations and we would highly recommend them to any health care company seeking a knowledgeable and engaged investment banking firm.”

  • “While the decision to sell our business was a difficult one, Provident vigilantly represented and protected our best interests throughout the transaction.  Provident was the right choice for Cascade and I would recommend their services to anyone.”

  • “After working with Provident on several transactions, it is evident that their extensive industry knowledge and deal expertise prove to be invaluable to their clients.”

  • “Provident’s depth of experience and practical business savvy was demonstrated in their ability to cut through what sometimes looked like impasse.”