Information on the Target

Eventus WholeHealth, a prominent provider of interdisciplinary healthcare services, has expanded its reach by acquiring Premier Geriatric Solutions. Premier is recognized as a leader in value-based medical directorships, primary care, and behavioral health services across Virginia, West Virginia, and North Carolina. With this acquisition, Eventus aims to enhance its services for individuals in skilled nursing and assisted living facilities, offering a comprehensive range of healthcare solutions.

The merger will create a multispecialty group practice consisting of over 800 clinicians, collectively delivering integrated primary care, specialty care, and behavioral health services to more than 44,000 patients in long-term care settings. This newly formed entity will establish itself as the largest provider of coordinated value-based care services in the region.

Industry Overview in the Target’s Specific Country

The healthcare industry in the United States is undergoing a significant transformation, particularly regarding value-based care models aimed at optimizing patient outcomes while controlling costs. As healthcare providers increasingly shift from traditional fee-for-service models to value-based care frameworks, there is a growing demand for organizations capable of delivering coordinated, patient-centered healthcare services.

In states like Virginia, West Virginia, and North Carolina, the need for integrated healthcare solutions is heightened due to the large population of medically vulnerable individuals residing in long-term care facilities. This demographic often requires complex care coordination among various health professionals to manage chronic conditions effectively and enhance overall quality of life.

With federal regulations promoting value-based care initiatives, providers are increasingly incentivized to focus on quality outcomes rather than quantity of services rendered. The market is seeing an influx of investments aimed at improving healthcare delivery efficiency, fostering collaborations among providers and enhancing patient engagement.

As a leader in the post-acute care sector, Eventus WholeHealth’s acquisition of Premier Geriatric Solutions aligns perfectly with these industry trends. By combining resources and expertise, the merged entity can better address the complexities of long-term care while improving care outcomes for high-need patients.

The Rationale Behind the Deal

The acquisition of Premier Geriatric Solutions by Eventus WholeHealth is driven by the need to create a more robust model for delivering value-based care in the long-term care sector. As highlighted by Brent King, CEO of Eventus, the establishment of a Medicare Shared Savings Program (MSSP) positions the firm to fundamentally enhance care coordination and communication within these communities.

By merging operational capabilities, the joint organization aims to improve efficiency, effectiveness, and accountability in healthcare delivery. This strategic alliance also positions Eventus to respond proactively to the evolving healthcare landscape while setting new standards for excellence in long-term care practices.

Information About the Investor

Enhanced Healthcare Partners (EHP) is a private equity firm dedicated to investing in healthcare-focused companies, particularly those led by founders and entrepreneurs in the middle market. With significant experience in healthcare operations, consulting, and investment management, the EHP team has successfully managed approximately $1 billion in equity capital.

By investing in Eventus WholeHealth, Enhanced Healthcare Partners demonstrates its commitment to driving strategic growth and development in the healthcare sector. The firm’s approach focuses on deep partnerships with management to catalyze growth and build successful organizations that address critical healthcare needs.

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The combination of Eventus WholeHealth and Premier Geriatric Solutions is a strategic move that solidifies the position of both entities in the healthcare market. This merger has the potential to significantly enhance the quality of care delivered to patients in long-term care settings, particularly as the demand for integrated healthcare solutions continues to rise.

The leadership of both organizations, particularly with Dr. Bradley Goad from Premier stepping into the role of Chief Medical Officer, suggests a seamless transition and a unified vision for improving patient care. Their combined expertise positions the new entity well to navigate the complexities of value-based care and address the needs of medically vulnerable populations.

Moreover, the alignment of EHP's investment philosophy with the goals of Eventus indicates a proactive approach to enhancing operational efficiencies and healthcare outcomes. With the drive for innovative value-based care solutions being more prominent than ever, this merger is timely and strategic.

Overall, this investment not only strengthens the service offerings and market reach but also reflects a commitment to raising standards in geriatric care. The acquisition is poised to yield positive returns, benefiting both the organizations involved and the communities they serve.

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