Brown Brothers Harriman recapitalizes American Physician Partners (via Nashville Post)


Brentwood-based emergency room management company American Physician Partners has announced its recently completed recapitalization led by Brown Brothers Harriman Capital Partners.

Brentwood Capital Advisors co-invested in the recapitalization and served as financial advisors for American Physician Partners in the deal, terms for which were not disclosed in a release.

American Physician Partners was formed in 2015 through the acquisition of Align MD and Elite Emergency Services and currently has contracts with 34 hospitals in eight states. The investment positions the company “to accelerate our growth both organically and through acquisitions,” CEO John Rutledge (pictured) said in the release.

A post on the American Physician Partners website details what that growth might look like. According to the post, the company has recently hired two regional executives and added 4,000 square feet of office space.

Among the growth possibilities listed:
• Acquisitions of small- and medium-sized emergency department groups
• Acquisition of larger ED groups
• Purchase of a hospitalist company that “would bring more expertise in this area and possibly new ED contracts. currently having conversations with a medium size company)”
• Add an anesthesia service line
• Consider expanding into urgent care
• Develop stand-alone EDs in conjunction with hospital partners

“We are excited to have the opportunity to invest in a leading outsourced ED management company alongside the experienced team of former hospital executives and clinical experts that John Rutledge leads,” Bradley M. Langer, managing director at Brown Brothers Harriman & Co. and co-manager of BBHCP, said in the release. “APP’s outsourced solution — which goes beyond physician staffing to encompass complete management of the ED — plays an essential role in helping hospitals to improve clinical outcomes and drive financial performance.”