INSIGHT

Q1-2018 Anesthesia Services Update

Merger & acquisition activity within the anesthesia services segment continued at a strong pace during the first quarter of 2018. There were three notable private equity recapitalizations during the quarter. American Discover Capital funded Indiana-based American Pain Consortium Holdings and NexPhase Capital made a majority investment into Jacksonville-based Gulf Coast Pain Institute. Siromed, a portfolio company of J.W. Childs Associates, acquired A4 as a new regional entrance into the Michigan market. With Siromed now entering into the Michigan market in Q1 of 2018 following PhyMed’s acquisition of Traverse Anesthesia Associates in Q4 of 2017, we expect the increased competitive dynamics to create an attractive M&A environment throughout the region. These three transactions within anesthesia services reflect the continued willingness by the private equity community to put capital to work within the sector.

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Sources: SEC Filings; Company Press Releases, and Reports; IBISWorld; Capital IQ; PHP Estimates and Research. This document has been compiled with publicly available information. Provident Healthcare Partners, LLC makes no guarantee of its accuracy or completeness. No data or statement should be construed to be a recommendation for the purchase, sale, or retention of any security.
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