TeamHealth (TMH), the physician staffing provider, is teaming up with IPC Healthcare. The $1.6B all-cash deal establishes the firm as a leading physician services organization.
The merger should increase the TMH network of healthcare professionals to 15,000 nationwide across multiple specialties. Of note is IPC staffing strength in the acute hospitalist and post-acute markets. This complements the solid presence of TMH professionals in emergency medicine, anesthesia, urgent care, pediatric and management services in approximately 1,000 civilian and military hospitals, clinics and physician groups in 47 states.
TeamHealth President and CEO Mike Snow noted:
“Through this combination, TeamHealth will be better positioned to capitalize on key trends as the U.S. healthcare industry moves toward value-based reimbursement with an increased focus on post-acute care and services…"