Denver, CO (December 22, 2014) - Headwaters advised PhysAssist Scribes, Inc., a Fort Worth, Texas-based provider of scribe services to hospital emergency departments, on its acquisition by TeamHealth, a Knoxville, Tennessee-based provider of outsourced physician staffing solutions for hospitals in the United States.
PhysAssist Scribes provides scribe services for more than 155 emergency departments in 22 states, with a focus on leveraging trained staff to enhance physician productivity and compliance. Scribes work hand-in-hand with emergency room physicians to improve their workflow and free them to focus on providing care rather than sorting through medical records and other clerical work.
“In a rapidly changing healthcare landscape, PhysAssist Scribes has grown by hiring and training skilled scribes who greatly increase physician satisfaction and quality of care,” said Managing Director Bob Balaban with Headwaters’ Business Services practice. “This transaction validates the nearly 20 years of work done building a company that solves real challenges in busy emergency rooms nationwide.”
Headwaters President & COO Paul Janson added, “Under experienced owners like TeamHealth, PhysAssist Scribes will have the platform to scale into an even larger business. We look forward to watching their continued success over the coming years.”
Headwaters MB acted as exclusive financial advisor to PhysAssist Scribes in the transaction. Terms of the transaction were not disclosed.
About Headwaters MB
Headwaters MB is an independent, middle market investment banking firm providing strategic merger and acquisition advice, capital raising and special situations advisory. Named "Investment Bank of the Year" by major organizations for its third consecutive year, Headwaters MB is headquartered in Denver, CO with seven regional offices across the United States and partnerships with 18 firms covering 30 countries. For more information, visit www.headwatersmb.com.
About PhysAssist Scribes, Inc.
PhysAssist Scribes, Inc., is the recognized leader in effective physician record and clerical assistant staffing. Since 1995, PhysAssist Scribes has increased, through innovation and quality, the efficiency, accuracy, and professional satisfaction of the physicians and departments we serve. For more information, visit www.iamscribe.com.
TeamHealth (Knoxville, Tenn.) (NYSE: TMH) is one of the largest providers of outsourced physician staffing solutions for hospitals in the United States. Through its 20 regional locations and multiple service lines, TeamHealth's approximately 10,000 affiliated healthcare professionals provide emergency medicine, hospital medicine, anesthesia, urgent care, and pediatric staffing and management services to approximately 900 civilian and military hospitals, clinics, and physician groups in 46 states. TeamHealth was recently named one of "America's 100 Most Trustworthy Companies" for 2014 by Forbes magazine. The term "TeamHealth" as used throughout this release includes Team Health, Inc., and all of its related entities, divisions, subsidiaries and affiliated physicians and physician groups. For more information about TeamHealth, visit www.teamhealth.com.
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