In a deal that strengthens its presence in the Southeast and Mid-Atlantic states, Eagle Hospital Physicians announced today its acquisition of hospitalist company PrimeDoc Management Services.
PrimeDoc, which primarily serves seven acute-care facilities in Georgia, Maryland, North Carolina and Virginia, employs more than 100 physicians and also has programs for long-term care and urgent care. With the acquisition, Eagle now employs more than 300 physicians and has contracts with more than 30 hospitals in seven states.
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“This is a major milestone in the ongoing evolution of Eagle Hospital Physicians as a leading hospitalist management company,” said Brent McCarty, CEO of Eagle in a statement announcing the deal. “PrimeDoc’s shared practice model, focused on aligning hospital outcomes and quality patient care, meshes well with Eagle’s model of care.”
Founded in 1997 by Robert J. Reynolds MD, president and CEO, PrimeDoc is one of the largest private-practice hospitalist companies in the southeast. PrimeDoc hospital clients range in size from 175 to 400 beds.
Reynolds will work with Eagle management during the transition of merging the two companies and will assist with the evaluation and implementation of long-term strategic business opportunities for the organization.
“Our organizations have had a similar progression and have a long history of cooperation and mutual respect,” said Reynolds in a prepared statement. “We look forward to working as a team, continuing to provide innovative management solutions that improve patient care and hospital performance.”