TeamHealth acquires Everest Inpatient Physicians and Geriatric Essentials

TeamHealth Holdings Inc., a leading physician services organization, announced the acquisition of Houston, Texas-based Everest Inpatient Physicians and Jackson, Tennessee-based Geriatric Essentials. These acquisitions mark the organization's first in the acute and post-acute care space following TeamHealth's merger with IPC Healthcare on November 23.

Specializing in both acute and post-acute medicine, Everest Inpatient Physicians provides services for approximately 27,000 patient encounters annually through partnerships with six hospitals throughout southwestern Houston, including Memorial Hermann Health System, an existing TeamHealth client for emergency medicine, hospital medicine, OB/GYN hospitalist and urgent care services.

Geriatric Essentials' advanced nurse practitioners partner with 19 nursing homes, assisted care living facilities and assisted residential communities throughout Tennessee and Mississippi to provide psychiatric and multidisciplinary behavioral interventions. Through these partnerships, the group provides services for approximately 9,000 patient encounters annually.

"TeamHealth is committed to partnering with the best acute and post-acute practices in the country, and the addition of these well-established groups to TeamHealth complements our existing business and will both deepen and expand our presence in acute and post-acute facilities throughout Texas, Tennessee and Mississippi," said Michael D. Snow, president and CEO of TeamHealth. "Through our acquisition of Everest Inpatient Physicians, we have the opportunity to expand our long-standing relationship with Memorial Hermann and further demonstrate the value of integrated services as we focus on providing an array of services along the patient continuum of care. Additionally, our partnership with Geriatric Essentials highlights our focus on providing services in the post-acute space, including behavioral healthcare."

"Our physicians and nurse practitioners have a passion for delivering excellent patient care, and we are proud to join an organization that shares that commitment. In this ever-changing healthcare environment, it is increasingly difficult for independent groups to meet all the new demands of value-based care," said Pragnesh Shah, MD, president and CEO for Everest Inpatient Physicians.

"Having a partner like TeamHealth to provide us the infrastructure and support that is needed to meet the new challenges of healthcare reform is critical to enhance our organizational health," said Daryl Dichoso, MD, chief operating officer for Everest Inpatient Physicians.

"We are excited to join TeamHealth and IPC Healthcare, organizations that have had tremendous growth in post-acute care and are now leveraging their knowledge to do the same in behavioral health," said David Hughes, NP, president of Geriatric Essentials. "Combining our regional expertise in behavioral health with the infrastructure of TeamHealth and IPC will allow us to improve care and outcomes for our patients. We are also eager to contribute to the organization's intellectual capital in the behavioral healthcare arena nationally."