A team of well-known Nashville-area healthcare executives have formed a new medical service organization, American Physician Partners, dedicated to providing a full range of management and staffing services for hospital emergency departments and hospitalist programs across the nation. The company was formed through the acquisition of two highly successful Tennessee-based healthcare companies, Align MD and Elite Emergency Services.
Brentwood Capital Advisers served as the exclusive financial advisor to American Physician Partners in its raising $24 million in acquisition and growth financing from Goldman Sachs Specialty Lending Group.
Headquartered in Brentwood, Tennessee, American Physician Partners is already serving 23 hospitals in six states, providing clinical staffing, administrative services and operational tools as well as ongoing training and leadership development—all designed to transform the patient-care experience and foster a culture of excellence.
The new company features an executive team with extensive hospital management experience. “Each member of our senior management team has over 35 years of experience working closely with hospital executives,” said John Rutledge, founder and CEO of American Physician Partners. “We understand the challenges hospital CEOs are facing. Combine that business experience with the medical expertise of our new partners from Align MD and Elite Emergency Services and you have a joining together of clinical and management perspectives that we believe is truly unique for this sector of the healthcare industry.”
“I’m very excited about this new opportunity to work with American Physician Partners,” said Dr. Mark Green, president of Align MD. “Leadership development will be an important differentiator for our company. We believe motivated leaders are the key to creating a culture where everyone embraces a passion for patient satisfaction and a true spirit of teamwork pervades the medical staff.”
“Speaking as a physician, I know that providing quality care will always be the highest priority at American Physician Partners,” said Dr. Sam Clemmons, president of Elite Emergency Services. “Our goal is to help hospitals across the country identify and correct the duplication of effort and inefficient processes that are hindering their emergency departments and hospitalist programs.”
Other key members of the executive team at American Physician Partners include Tom Pemberton, senior vice president and COO, who has served in senior leadership roles at multiple healthcare organizations, and Bob Newport, senior vice president and CFO, who has significant finance experience in the healthcare industry.
About Brentwood Capital Advisors
Based in Franklin, Tennessee, Brentwood Capital Advisors (“BCA”) is one of the South’s leading boutique investment banks that provides mergers and acquisitions and capital raising advice to privately-held, middle market healthcare, technology and tech-enabled and outsourced services companies. BCA has served as exclusive financial advisor in over 68 successfully closed transactions totaling approximately $4.3 billion in value in these sectors. Founded in 1999, the firm is partner-owned and has fifteen investment banking professionals. For more information, please go to www.brentwoodcapital.com.
About Goldman Sachs Specialty Lending Group
Goldman Sachs Specialty Lending Group (“GSSLG”), founded in 2004, operates as the middle market financing and investing platform within The Goldman Sachs Group, Inc. GSSLG focuses on delivering flexible, reliable capital to the middle-market while leveraging the firm-wide resources of Goldman Sachs. GSSLG lends and invests Goldman Sachs’ capital through stand-alone first-lien, second-lien, uni-tranche and junior capital investments directly to companies across the United States and Canada. www.goldmansachs.com/what-we-do/investing-and-lending/specialty-lending/
Chuck Snyder or Hamp Morrison