Quadriga Partners advised Nova Anesthesia Professionals on its sale to Envision Healthcare
DENVER, Oct. 11, 2018
DENVER, Oct. 11, 2018 /PRNewswire/ -- Quadriga Partners, LLC ("Quadriga"), an investment bank and transaction advisory group that works closely with companies in the healthcare industry, announced it advised Nova Anesthesia Professionals, P.C. ("Nova") on its sale to Envision Healthcare Corporation ("Envision").
Based in Villanova, Pennsylvania, Nova is a leading regional provider of anesthesia services, serving ambulatory surgery centers and hospitals in Pennsylvania, New Jersey, and Delaware. The practice was founded in 2001 by Dr. Meena Desai, a past President of the Society of Ambulatory Anesthesia, a past Chairman of the Board of the Accreditation Association for Ambulatory Health Care, and a leading authority on ambulatory anesthesia.
"I am very proud of what we accomplished with Quadriga Partners," Dr. Desai said. "I developed a relationship with Greg Throckmorton, Jason Ficken, and the Quadriga team years in advance of selling my anesthesia practice. Quadriga evaluated my strategic alternatives, counseled me on restructuring my practice to improve its financial performance and optimize its value, and, ultimately, advised me on the successful sale of my practice for a valuation that significantly exceeded my expectations. I would highly recommend partnering with Quadriga."
Greg Throckmorton, Vice President of Quadriga, stated, "We are grateful for the opportunity to have worked with Dr. Desai. For more than 20 years, Dr. Desai has been regarded as a thought leader in anesthesia care. Envision will benefit from Dr. Desai's reputation for clinical excellence as well as her business acumen. Envision is the ideal strategic partner for Nova, providing tremendous support that will allow Nova's physicians to focus on continuing to deliver exceptional patient care."
About Quadriga Partners:
Quadriga Partners is a middle-market investment bank that works exclusively with companies in the healthcare industry. Headquartered in Denver, Quadriga provides mergers and acquisitions, capital raising, and strategic advisory services. For additional information on Quadriga, please visit www.QuadrigaPartners.com.
About Nova Anesthesia Professionals:
Founded in 2001 and based in Villanova, Pennsylvania, Nova is a leading regional provider of anesthesia services, serving ambulatory surgery centers and hospitals in Pennsylvania, New Jersey, and Delaware.
About Envision Healthcare:
Envision Healthcare Corporation is a leading provider of physician-led services and post-acute care, and ambulatory surgery services. At June 30, 2018, Envision delivered physician services, primarily in the areas of emergency department and hospitalist services, anesthesiology services, radiology/tele-radiology services, and children's services to more than 1,800 clinical departments in healthcare facilities in 45 states and the District of Columbia. Post-acute care is delivered through an array of clinical professionals and integrated technologies which, when combined, contribute to efficient and effective population health management strategies. The Company owns and operates 261 surgery centers and one surgical hospital in 35 states and the District of Columbia, with medical specialties ranging from gastroenterology to ophthalmology and orthopedics. In total, Envision offers a differentiated suite of clinical solutions on a national scale, creating value for health systems, payors, providers and patients. For additional information, visit www.evhc.net.
SOURCE Quadriga Partners