The following transactions were announced in January and February. Unless noted, terms were not disclosed.
* American Oncology Resources, Houston, affiliated with Oncology and Hematology Associates of Southwest Virginia, Roanoke, an eight-physician practice. The company says it added 21 physicians to existing operations in Arizona, Colorado, Florida, Texas and Virginia during the fourth quarter of 1998.
* AmeriPath, Riviera Beach, Fla., acquired Harper Pathology Group, San Antonio, a three-physician practice based at St. Luke's Baptist Hospital.
* ProMedCo Management, Fort Worth, Texas, signed a letter of intent to affiliate with Prism Medical Group, Boca Raton, Fla., a 12-physician multispecialty group. Plans call for Prism to merge with 35-physician South Florida Healthcare Associates, Boca Raton, which signed a letter with ProMedCo in late 1998.
* Clinical Studies, a subsidiary of PhyMatrix, West Palm Beach, Fla., and Universal Health Services, King of Prussia, Pa., formed a network to conduct pharmaceutical-industry-sponsored clinical research on the central nervous system. Clinical Studies will provide site operations support including training and staffing, while Universal will provide access to physician investigators and patients associated with its behavioral health centers. Financial terms were not disclosed.
* Pediatric Physician Alliance, Norcross, Ga., affiliated with the following practices with a total of 60 physicians: Capital Allergy and Respiratory Disease Center, Sacramento, Calif.; Children's Advanced Medicine/PediApex, Dallas; Children's Medical Center, Middletown, Ohio; Dayton (Ohio) Infant Care Specialists; Interlachen Pediatrix, Orlando, Fla.; Pediatric Associates of Dayton; Pediatric Group Associates, Moline, Ill.; and Pediatric Specialists of Barrington (Ill.) and Crystal Lake, Ill.
The company signed long-term management agreements with the physicians and paid stock, cash and notes for their practice assets, financed with $7.9 million of equity investments by Brantley Capital Corp. and Brantley Venture Partners, both of Cleveland. Financing calls for a 10% annual dividend. Pediatric Physician Alliance canceled plans for an initial public offering.