Delphi Healthcare Partners, Inc., headquartered in Morrisville, North Carolina, is the largest provider of outsourced Orthopedic, OB/GYN and General Surgery Hospitalist programs in the United States. The Company’s turnkey solutions include recruiting, placing and scheduling long-term guaranteed physicians, as well as insurance, billing, collections and the overall management of the hospital’s clinical program.
Situation:
- As a result of increasing health concerns and estate planning needs, the founder and majority shareholder was seeking liquidity for his investment while finding a partner to help the Company grow
Challenges:
- The Company’s rapid growth in its ten years of existence presented numerous financial management challenges
- The Company made several significant changes to its management team
- Long-term, complex contracts with client hospitals required significant diligence by the buyer
Successful Solution:
- Anderson LeNeave contacted a focused group of strategic buyers and a large group of financial buyers with a defined interest in the physician practice management and / or general healthcare industries
- Delphi Healthcare Partners, Inc. was sold to TeamHealth Holdings Inc. (NYSE: TMH)