The company that provides anesthesia services at The Villages Regional Hospital has been sold.
Lake County Anesthesia Associates has been sold to TeamHealth Holdings, a provider of outsourced healthcare professional staffing and administrative services to hospitals and other healthcare providers. The transaction was led by Cross Keys Capital LLC’s Managing Director Bill Britton and Vice President Marjorie Chang.
“More than ever before, uncertainty within the healthcare system is driving groups to explore their options and bring in a partner with value-added resources that most groups cannot provide on their own – all the while realizing the equity value they have built up within their practice,” Britton said.
Lake County Anesthesia Associates currently provides anesthesia services for Leesburg Regional Medical Center in Leesburg and TVRH, both of which are part of Central Florida Health. LCAA will join TeamHealth in providing medical solutions to over to approximately 3,500 acute and post-acute facilities and physician groups nationwide.
The sale of Lake County Anesthesia Associates represents Cross Keys’ 51st closed transaction on behalf of physician group practices, and the seventh physician group they have supported in a successful sale in 2016.