client_transactions

SSG Client Transactions

Title

CHI St. Luke's Health Emergency Center, LLC
Client Profile

Client Profile

CHI St. Luke's Health Emergency Center, LLC ("ER Center" or the "Company") was formed in 2016 as a joint venture between a group of physicians and St. Luke's to operate several freestanding emergency departments ("FSEDs") throughout the greater Houston, Texas area. The FSEDs provide a variety of emergency services such as comprehensive adult & pediatric emergency care, clinical staff with emergency room experience, on-site emergency laboratory services, radiology services and on-site surgical procedures.
Situation

Situation

Lower-than-expected patient volumes and reimbursement-related issues led the Company to explore its strategic alternatives.
Solution

Solution

SSG was retained as co-investment banker along with Statesman Business Advisors, LLC ("Statesman") to explore the Company's options, including a sale of all or parts of the business. SSG ran a comprehensive sale process that generated significant interest from the market, with St. Luke's offer for the remainder of the equity in the joint venture ultimately being the solution which provided the best outcome to all stakeholders.
June 2017
has purchased the remaining
equity interests of
CHI St. Luke’s Health
Emergency Center, LLC
The undersigned acted as Investment Banker
to CHI St. Luke’s Health Emergency
Center, LLC on this transaction

Call to learn more

Call to learn more

If you would like to learn more about this transaction, or any of our transactions, call us today.

Philadelphia
(610) 940-1094

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New York
(212) 786-7432

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