Here are four things to know about the transaction.
1. Multiple large healthcare services companies expressed interest in Physicians Anesthesia Service since the company began seeking strategic alternatives in 2012. Physicians Anesthesia Service was founded in 1972 and now has more than 120 anesthesia providers.
2. Physicians Anesthesia Service decided to pursue a partnership with a larger organization to become better equipped for healthcare reform challenges.
3. Physicians Anesthesia Service chose U.S. Anesthesia Partners, a majority physician-owned, physician-services organization with 3,500 staff members serving patients in Colorado, Florida, Nevada, Texas and Washington.
4. BMO Capital Markets, which acted as PAS’ financial advisor, facilitated the transaction.
More articles on transactions and valuations:
Evolent Health executes 2 partnership agreements to enhance care delivery
Yampa Valley Medical Center pursues partnership with UCHealth
LifeBrite Hospital Management takes ownership of Pioneer hospital
