Brentwood Capital Advisors (“BCA”) is pleased to announce that it served as the exclusive financial advisor to American Physician Partners, LLC (“APP” or the “Company”) in its recently completed recapitalization led by BBH Capital Partners (“BBHCP”).
Headquartered in Brentwood, Tennessee, American Physician Partners is a leading provider of outsourced emergency department (“ED”) and hospitalist clinical staff and administrative services to acute care hospitals in the Southeast, Southwest and Midwest. APP was formed in April 2015 through the acquisitions of two physician-led companies, Align MD and Elite Emergency Services and currently has contracts with 34 hospitals across eight states.
John Rutledge, American Physician Partners’ Chief Executive Officer, commented, “We are excited to be partnering with BBHCP to help launch the next stage of our growth. This investment positions us to accelerate our growth both organically and through acquisitions. Brentwood Capital played a critical role in structuring, negotiating and closing a transaction that exceeded our shareholders’ expectations for value, liquidity and for strategic opportunity going forward. They are trusted advisors whose expertise and commitment to success were key factors in successfully closing this transaction.”
“APP is a rapidly growing leader in the outsourced clinical staffing services market and is poised for continued growth in its partnership with BBHCP,” stated L.A. Galyon of Brentwood Capital Advisors. “We are delighted to have served as APP’s exclusive advisor again and be associated with such a high-quality company and management team”.
Brentwood Capital Partners, L.P. II (“BCP II”) co-invested alongside BBHCP in the transaction. BCP II is a $42.2 million private equity fund affiliated with Brentwood Capital Advisors.
About American Physician Partners, LLC
A leading provider of comprehensive management and staffing services for emergency department and hospitalist programs throughout the Southeast, Southwest and Midwest. For more information, please visit www.americanphysician.partners
About Brentwood Capital Advisors
Based in Franklin, Tennessee, Brentwood Capital Advisors LLC 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 78 successfully closed transactions totaling approximately $4.9 billion in value in these sectors. Founded in 1999, the firm is partner-owned and has 18 investment banking professionals. For more information, please visit www.brentwoodcapital.com.