DCF Advises on an Anesthesiology Practice Group Deal
Greater Houston Anesthesiology has partnered with U.S. Anesthesia Partners
Deloitte Corporate Finance LLC (“DCF”) is pleased to announce its advisory role as the exclusive financial advisor to Greater Houston Anesthesiology P.A. (“GHA”) in establishing a partnership with U.S. Anesthesia Partners (“USAP”), an anesthesia-focused physician services organization backed by Welsh, Carson, Anderson & Stowe (“WCAS”), through which GHA will serve as USAP’s cornerstone affiliated practice. As part of the transaction, USAP acquired the assets of GHA that provide practice management and business support services. Working together with its new physician partners, USAP will support GHA’s growth plans and its position as a leading provider of quality anesthesia and perioperative care services.
DCF assisted GHA’s management in navigating the transaction from the initial development of marketing materials and identification of potentially interested parties to organizing the diligence process and assisting with transaction negotiations.
This transaction further highlights DCF’s experience in and focus on the physician services sector within the health care industry.
About About USAP, WCAS and GHA
U.S. Anesthesia Partners is a single-specialty physician services organization that offers practice management services to anesthesiologists. It was recently formed by WCAS and members of management to identify and partner with leading, quality groups of anesthesiologists who seek a strategic partner with the capital resources and experience to invest in their practice support infrastructure.
Welsh, Carson, Anderson & Stowe focuses its investment activity in two target industries: health care and information/business services. Since its founding in 1979, the firm has organized 15 limited partnerships with total capital of $20 billion.
Founded in 1996, GHA is one of the largest single-market private practice anesthesia groups in the country, employing more than 400 anesthesia providers who perform approximately 250,000 cases annually in all areas of anesthesiology, including cardiovascular, neurosurgery, obstetrics, orthopedics, pediatrics, transplant and acute and chronic pain management. GHA is the primary anesthesia provider for over 40 medical facilities in Houston and Austin.