Texas Health Resources also acquired PhyServe, the management services organization that has served the MedicalEdge physicians and their business operations.
In a separate transaction, MedSynergies, a provider of hospital-physician alignment solutions, will acquire PhyServe from Texas Health.
Texas Health’s acquisition of the group will allow it to become a “‘medical home’ for thousands of North Texas Patients,” according to Douglas D. Hawthorne, FACHE, CEO of Texas Health Resources.
MedicalEdge features 250 locations and employs more than 420 physicians and physician extenders.
Terms of the deal, which closed Dec. 31, were not publicly disclosed.
Read the release on Texas Health Resources.
Read more coverage on Texas Health Resources:
– Vance Reynolds Named CEO of Texas Health Presbyterian Hospital
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.