New York-based Health Enterprise Partners has also joined the transaction. The healthcare services and information technology-focused equity fund, along with the other investors, has committed substantial additional capital to support the future growth of Eagle.
Eagle Hospital Physicians is a practice management company that provides hospitalist contract services, telemedicine and hospitalist temporary staffing to its hospital partners in the Southeast and Mid-Atlantic regions.
The acquisition of the hospital-based physician practice-management company by private equity firms follows several high-profile transactions of hospitals by private equity firms. Vanguard Health Systems announced it would acquire Detroit Medical Center for $417 million and Cerberus Capital Management said it would purchase Caritas Christi Health Care for $830 million in June.
Read the release on the Highland, Flexpoint Ford, HEP, Eagle Hospital Physicians acquisition.
Read related coverage on recent transactions of hospitals by private equity firms:
– Vanguard and Detroit Medical Center Sign Final Agreement
– Massachusetts Attorney General to Begin Hearings on Caritas Sale to For-Profit
