MURFREESBORO, Tenn. March 14, 2018
American Physician Partners, LLC, a leader in emergency medicine and hospital medicine management services, announced the acquisition of Northeast Tennessee Emergency Physicians, PC (â€œNETEPâ€�) on March 9, 2018. NETEP provides full-service emergency department management services to seven Ballad Health hospitals in the Tri-Cities area of Northeast Tennessee and Southwest Virginia, including two Trauma Centers. Ballad Health was formed in 2018 through the merger of Mountain States Health Alliance and Wellmont Health System. NETEPâ€™s 59 emergency physicians and 32 advanced practice providers care for approximately 192,000 patients annually. The existing emergency team will remain in place after the acquisition, and J. Mark Woodard, MD, NETEPâ€™s president, will serve as the regional medical director.
â€œAs a quality-driven company, we continually seek ways to enhance the level of service we provide to our patients and hospital partners,â€� said Dr. Woodard. â€œWe are excited about our new relationship with American Physician Partners, which shares our values of providing the highest quality of care to patients, unparalleled value to hospitals, and an excellent practice environment for our physicians and advanced practice providers.â€�
â€œWe are thrilled to add NETEPâ€™s quality providers to our team and to have the opportunity to serve Ballad Health,â€� said John Rutledge, president and CEO of American Physician Partners. â€œTogether we will continue to deliver high-quality, compassionate emergency care for patients and their families throughout the Tri-Cities community.â€�
With the addition of these seven contracts, American Physician Partnersâ€™ 855 providers now care for approximately 1.5 million patients annually through 78 contracts in 14 states, making it one of the fastest-growing emergency medicine and hospital medicine management companies in the country.
About American Physician Partners
Headquartered in Brentwood, Tennessee, American Physician Partners (â€œAPPâ€�) was founded in 2015 to provide a better alternative to hospitals for their clinical outsourcing needs. Since its inception, the company has grown to 78 hospital partnerships and has become a recognized leader in the provision of exceptional emergency medicine and hospital medicine management services to hospitals and healthcare systems nationwide. APP has earned a 99 percent provider retention rate and 100 percent client retention rate by remaining true to its mission of exceeding the expectations of its patients, providers and hospital partners.
About Northeast Tennessee Emergency Physicians
NETEPâ€™s relationship with Wellmont Health began in 1977 with the provision of emergency services at Holston Valley, cementing a 40-year partnership that continued to grow. Led by J. Mark Woodard, MD, the group has earned a reputation for recruiting and retaining high-quality, board certified emergency physicians and achieving high levels of quality care for the facilities it serves. Edgemont Capital Partners served as exclusive financial advisor to NETEP in this transaction.
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