U.S. Anesthesia Partners (USAP), an anesthesia-focused physician services organization backed by Welsh, Carson, Anderson & Stowe, has acquired Greater Houston Anesthesiology P.A. (GHA) under which GHA will serve as USAP’s cornerstone affiliated practice. As part of the transaction, USAP also completed its acquisition of the assets of GHA that provide practice management and business support services.
Greater Houston Anesthesiology provides anesthesiology services for major medical facilities in, and surrounding, Houston and recently expanded its services into the Austin market. GHA is one of the largest anesthesia groups in the country, employing over 400 anesthesia providers, including approximately 220 physicians. GHA anesthesia providers perform approximately 250,000 cases annually in all areas of anesthesiology, including cardiovascular, neurosurgery, obstetrics, orthopedics, pediatrics, transplant and acute pain management. GHA is the primary anesthesia provider for over 40 medical facilities in the greater Houston area. The company was founded in 1996 and is based in Houston (www.choosegha.com).
USAP partners with groups of anesthesiologists who seek a strategic partner with the capital resources and expertise to invest in their practice support infrastructure, and position them for continued success and growth withintheir markets. A key element of USAP’s business model is to invest in IT systems that will drive efficiencies in provider workflow and the management of perioperative care processes. USAP is headquartered in Fort Lauderdale (www.usanesthesiapartners.com).
Welsh Carson is focused exclusively on investments in business, information and healthcare services. Since its founding in 1979, Welsh Carson has organized 15 limited partnerships with total capital of over $20 billion. The firm is currently investing through its latest fund, Welsh, Carson, Anderson & Stowe XI, L.P., and is based in New York (www.welshcarson.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 1-7-13
