Q2-2018 Anesthesia Services Update

Merger & acquisition activity within the anesthesia services segment remained steady through the second quarter of 2018. The industry saw several notable private equity recapitalizations during the quarter, highlighted by Envision Healthcare’s announcement to go private with KKR. The Cranemere Group made a majority investment in Texas based NorthStar Anesthesia, one of the leading providers of anesthesia care services with over 2,000 providers across 20 states. Spindletop Capital also entered the space, recapitalizing Texas-based Tricity Pain Associates and making a growth equity investment in Georgia-based Interventional Pain Management. Following these transactions, along with Siromed’s Q1 acquisition of A4, Provident expects the sector to see an uptick in transaction volume as new consolidators enter the market, driving merger and acquisition activity through the second half of 2018.

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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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