TeamHealth Holdings, a Knoxville, Tenn.-based physician services outsourcing firm, has acquired Midwest Emergency Associates (PDF) of Chicago.
TeamHealth buys Midwest Emergency Associates
The deal adds more than 250 doctors and clinicians to TeamHealth, as Midwest Emergency Associates provides staffing for more than 12 emergency departments and four urgent-care centers. TeamHealth last year purchased Morningstar Emergency Physicians of Oklahoma City, assuming management of 15 facilities. Last month, TeamHealth bought Denver-based Anesthesia Services.
TeamHealth officials estimate the Midwest Emergency Associates deal will generate $55 million to $60 million in annualized revenue for the company.
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