Physician outsourcing firm EmCare has purchased Phoenix Physicians in a $170 million cash transaction.
EmCare, a subsidiary of publicly traded Envision Healthcare, also will assume certain liabilities, according to filings with the Securities and Exchange Commission. The deal is expected to close in two weeks.
Phoenix Physicians, headquartered in Fort Lauderdale, Fla., specializes in outsourcing emergency department and other physician specialty services. The firm includes more than 500 physicians and clinicians, and operates in 21 acute-care hospitals in six states.