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Emergency Physician Partners

healthcare
PE-OWNED

Emergency medicine physician group serving hospitals nationwide.

PE-OWNED

Acquired by H.I.G. Capital2020-02-01

View PE Firm Profile

What Made It Great

Staffing emergency departments with board-certified emergency physicians.

What PE Will Likely Do

Emergency Physician Partners will reduce the number of board-certified emergency physicians staffing hospital emergency departments, replacing them with less qualified and cheaper physician assistants or nurse practitioners

HIGH LIKELIHOODBased on: H.I.G. Capital's track record of cost-cutting and service quality reduction in past healthcare acquisitions

Emergency Physician Partners will reduce the number of nursing staff in emergency departments, replacing registered nurses (RNs) with licensed practical nurses (LPNs) or nursing assistants to cut labor costs

HIGH LIKELIHOODBased on: The healthcare industry playbook for private equity firms, which frequently involves staffing reductions, billing upcoding, and service line cuts

Emergency Physician Partners will aggressively 'upcode' billing for emergency department visits, leading to higher out-of-pocket costs for patients

HIGH LIKELIHOODBased on: The timeline of changes observed in similar past cases of private equity takeovers of healthcare providers

Emergency Physician Partners will eliminate or reduce the availability of certain essential emergency services, such as psychiatric or pediatric care, in some hospital locations to improve profitability

HIGH LIKELIHOODBased on: The timeline of changes observed in similar past cases of private equity takeovers of healthcare providers

Expected Timeline

0-6 monthsCompleted

0 to 6 months months

Emergency Physician Partners will announce leadership changes and 'efficiency initiatives' aimed at 'optimizing' operations

6-12 monthsYOU ARE HERE

6 to 12 months months

Staffing reductions will begin in emergency departments, with fewer board-certified physicians and fewer RNs

12-24 months

12 to 24 months months

Patients will experience longer wait times, reduced time with providers, and a noticeable decline in the quality of emergency care

24-36 months

24 to 36 months months

Certain emergency department closures or service eliminations may occur at some hospital locations, leading to care access issues for local communities

36+ months

36+ months months

Potential financial distress or even bankruptcy of Emergency Physician Partners, leading to further disruptions or a fire sale to another operator

Similar Cases

Other companies that followed a similar path after PE acquisition

What You Can Do

Actions

  • Patients should be aware of changes in the staffing and care quality at their local emergency departments, and advocate for maintaining the presence of board-certified emergency physicians

  • Patients should closely review their emergency department bills and question any unexpectedly high charges or unfamiliar billing codes

  • Patients should stay informed about any service reductions or closures at their local emergency departments and be prepared to seek care at alternative facilities if necessary

Alternatives

Non-profit health systemsSAFE

Community-focused healthcare

Kaiser PermanenteSAFE

Integrated managed care consortium

Share this company's PE status

"Emergency Physician Partners is now PE-owned. Here's what that means for you."