TeamHealth to Provide Integrated Services for Central Florida Health, Acquires Operations of Lake County Anesthesia Associates

KNOXVILLE, Tenn., July 5, 2016 /PRNewswire/ -- TeamHealth Holdings, Inc. (NYSE: TMH), a leading physician services organization, announced the acquisition of the operations of Lake County Anesthesia Associates based in central Florida. Lake County Anesthesia Associates currently provides anesthesia services for Leesburg Regional Medical Center in Leesburg, Florida, and The Villages® Regional Hospital in The Villages, Florida, both of which are part of Central Florida Health. In conjunction with this transaction, TeamHealth has begun providing emergency medicine services for both Leesburg Regional Medical Center and The Villages® Regional Hospital. These new relationships will add more than 18,000 annual anesthesia cases to TeamHealth's existing anesthesia operations. In addition, through the management and staffing of the emergency departments, TeamHealth-affiliated clinicians will see more than 88,000 patients annually.

"As a premier healthcare provider, Central Florida Health takes pride in providing progressive, innovative technology, along with building strong relationships with patients, families, physicians and residents of the communities we serve," said Saad Ehtisham, FACHE, chief operating officer for Central Florida Health. "When searching for a strong physician services partner, TeamHealth was the ideal choice to provide integrated emergency medicine and anesthesia services in our hospitals with their robust infrastructure and hands-on leadership. As payment initiatives shift to value-based care, we identified one organization to provide an array of services in order to streamline care for our patients and strategically position ourselves for growth as healthcare continues to evolve."

"When looking for a physician services partner, we chose TeamHealth for the support and vast resources they offer that complement our physician-led group," said Richard Giovannelli, MD, president, Lake County Anesthesia Associates. "Our anesthesiologists and certified registered nurse anesthetists work to improve the health and quality of life of the individuals and communities we serve, and we know TeamHealth will help us fulfil this mission."

"Partnering with Leesburg Regional Medical Center and The Villages® Regional Hospital expands our already strong presence in the greater Orlando market. As hospitals make the transition from fee-for-service to value-based care, they are recognizing the benefit of a clinician focused on the patient care continuum," said Michael D. Snow, president and chief executive officer of TeamHealth. "This new relationship underscores TeamHealth's commitment to delivering fully-integrated management and staffing solutions for our hospital clients. We are pleased to welcome the talented clinicians of Lake County Anesthesia Associates and the emergency clinicians at Leesburg Regional Medical Center and The Villages® Regional Hospital to TeamHealth."

About TeamHealth At TeamHealth (NYSE: TMH), our purpose is to perfect our physicians' ability to practice medicine, every day, in everything we do. Through our more than 19,000 affiliated physicians and advanced practice clinicians, TeamHealth offers outsourced emergency medicine, hospital medicine, critical care, anesthesiology, orthopedic hospitalist, acute care surgery, obstetrics and gynecology hospitalist, ambulatory care, post-acute care and medical call center solutions to approximately 3,500 acute and post-acute facilities and physician groups nationwide. Our philosophy is as simple as our goal is singular: we believe better experiences for physicians lead to better outcomes—for patients, hospital partners and physicians alike. Join our team; we value and empower clinicians. Partner with us; we deliver on our promises. Learn more at http://www.teamhealth.com.

The term "TeamHealth" as used throughout this release includes Team Health Holdings, Inc., its subsidiaries, affiliates, affiliated medical groups and providers, all of which are part of the TeamHealth organization. "Providers" are physicians, advanced practice clinicians and other healthcare providers who are employed by or contract with subsidiaries or affiliated entities of Team Health Holdings, Inc. All such providers exercise independent clinical judgment when providing patient care. Team Health Holdings, Inc., does not have any employees, does not contract with providers and does not practice medicine.

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SOURCE TeamHealth