Physician Services

Transaction Advisory– New West Physicians, PC has been acquired by Optum, Inc., a subsidiary of UnitedHealth Group. New West, one of the largest physician practices in the Denver area, provides primary care services to over 200,000 patients through 120 healthcare providers.

Featured Publication– In part three of a six part Healio article series focusing on private equity investment in physician groups, Robert Aprill and lawyers from Epstein Becker & Green take a close look at the Orthopedics sector.

Orthopedic Webinar Presentation– On July 27, 2017 Robert Aprill and Gary Herschman discussed orthopedic groups, which have become the newest focus of private equity investment.

Q2-2017 Physician Services Newsletter– Consolidation continued in a number of physician specialties throughout the second quarter of 2017. Several new segments also underwent private equity investment, showing that there is no shortage of a willingness to put capital to work amongst platform caliber organizations.

Featured Publication– Analyst Robert Aprill was featured in Becker’s Spine Review publication to discuss a certain level of trepidation that existed amongst providers, payors, operators, and financiers within healthcare, as uncertainty loomed in regards to the new administration and a potential repeal of the Affordable Care Act.

Conference: Attended– ACR 2017 Power Up at The Crossroads of Radiology®, May 21-25, 2017, Washington, D.C.

Q1-2017 Physician Services Update– A variety of specialties within physician services remained highly active in terms of consolidation during the first quarter of 2017 as fragmented markets coupled with significant private equity capital continue to drive transaction activity

Transaction Advisory-Southeastern Spine Institute, LLC has completed a recapitalization with Candescent Partners, LLC. SSI is the largest medical practice in South Carolina exclusively specializing in spine care.

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  • “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.”

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

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

  • ”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.”

  • “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.”