DENVER--(BUSINESS WIRE)--Quadriga Partners, LLC (“Quadriga”), an investment bank and advisory group that works closely with companies in the healthcare industry, has announced a partnership between Ergentus Emergency Physicians (“Ergentus”), a Denver-based emergency medicine group, and US Acute Care Solutions (“USACS”), a portfolio company of Welsh, Carson, Anderson & Stowe. Quadriga served as exclusive financial advisor to Ergentus in the transaction.
Based in Denver, Colorado, Ergentus serves as the sole provider of outsourced emergency medicine services at four SCL Health facilities across the Denver-Metro area. Ergentus, one of the oldest and largest independent physician groups in Colorado, joins USACS as a founding member. Ergentus physicians will remain owners in the combined practice post-transaction. USACS will provide Ergentus access to additional clinical and business resources through a platform that is majority owned by physicians.
Homi Kapadia MD, President of Ergentus, commented, “We selected Quadriga as advisors due to their extensive experience and deep understanding of the physician group landscape. The Quadriga team expertly guided us through this process and most importantly, continually put the long-term best interest of Ergentus physicians first. We are grateful for our partnership with Quadriga.”
In addition, Tom Burke MD, the past President of Ergentus, remarked, “We are excited to partner with USACS and are thankful to Jason Ficken and his team for facilitating an optimal outcome that significantly exceeded our expectations. Their insight and expertise in navigating physician group transactions enabled our practice to confidently make decisions that best positioned our group for continued growth and success into the future.”
Jason Ficken, Managing Partner of Quadriga, added, “Ergentus has consistently been regarded as a top physician group for more than 40 years. This transaction enables Ergentus physicians to remain at the forefront of emergency medicine during a transformative period in which other practices grapple with an uncertain future as the rapid evolution of the healthcare system continues to unfold.”
Mike King and Justin Hahn at Brownstein Hyatt Farber Schreck, LLP acted as legal counsel to Ergentus.
For additional information, please contact Jason Ficken at jficken@quadrigapartners.com or (720) 810-2170 or JC Miller at jmiller@quadrigapartners.com or (303) 446-7221.
About Quadriga Partners
Quadriga Partners is a middle-market investment bank that works exclusively with companies in the healthcare industry. With offices in Denver, Atlanta, and Charlotte, Quadriga provides mergers and acquisitions, capital raising, and strategic advisory services.
About Ergentus Emergency Physicians
Formed in 1976, Ergentus is one of the oldest emergency medicine physician groups in Denver, Colorado. Ergentus serves as the exclusive provider for four facilities in the SCL Health system. One of the largest physician groups in the region, Ergentus treats nearly 120,000 patients annually. Visit www.ergentus.com to learn more.
About Brownstein Hyatt Farber Schreck
The Transactional Health Care Team at Brownstein Hyatt Farber Schreck represents industry-leading clients in the national health care arena. Well-versed in the sophisticated and often delicate requirements of health-care relationships, Brownstein provides daily counsel to health care providers and investors on a wide array of M&A, regulatory, compliance, licensing, contracting, and government relations issues. Visit www.bhfs.com to learn more.
About US Acute Care Solutions
Founded by emergency medicine physician groups in Colorado, Florida, Maryland and Ohio and capital partner Welsh, Carson, Anderson & Stowe, USACS is the national leader in majority physician-owned emergency medicine and hospitalist services. USACS provides high-quality emergency and hospitalist care to almost 4 million patients annually at nearly 120 locations in 22 states, and is aligned with leading hospital systems across the country. Visit www.usacs.com to learn more.
About Welsh, Carson, Anderson & Stowe
Welsh, Carson, Anderson & Stowe focuses its investment activity in two target industries: healthcare and information / business services. Since its founding in 1979, the firm has organized 16 limited partnerships with total capital of $23 billion. The firm is currently investing Welsh, Carson, Anderson & Stowe XII, L.P. Visit www.welshcarson.com to learn more.