Ziegler, a specialty investment bank, is pleased to announce its
role as exclusive financial advisor to Premier Health Associates
(Premier Health) on the formation of a Joint Venture with Atlantic
Health System (Atlantic Health).
CHICAGO, July 16,
2024 /PRNewswire-PRWeb/ -- Premier Health is
partnering with Atlantic Health to support its growth and continued
expansion of primary and specialty care services throughout the
region and the broader New Jersey
market. Atlantic Health is committed to providing accessible,
affordable healthcare for the people of New Jersey, and the partnership with Premier
Health will continue to support its mission of delivering high
quality care to build healthier communities throughout the
region.
"We are thrilled to have advised Premier on
this very exciting partnership with Atlantic Health that will
expand the access to care for individuals across Northern New Jersey" said Andrew Colbert, Senior Managing Director in
Ziegler's Healthcare Investment Banking practice.
Premier Health is a primary care-focused, multi-specialty
physician group serving Sussex,
Warren, and Morris Counties in Northwest New Jersey. The Company has a nearly
60-year history and currently serves over 50,000 patients with a
comprehensive suite of care delivery services that includes primary
care, gastroenterology, orthopedics, sports medicine,
endocrinology, pulmonology, rheumatology, general & colorectal
surgery, and interventional pain management. Premier's 38 total
providers include 23 primary care physicians and 12 specialists
providing care across 15 outpatient clinic locations and one
ambulatory surgery center (ASC). Premier Health is committed to
continuing its demonstrated success in value-based care through
participation in both Medicare and Commercial ACO arrangements and
the opportunity to grow the platform across the suburban
New Jersey market with significant
demand for access to high quality providers.
Atlantic Health System is at the forefront of medicine, setting
standards for quality health. The not-for-profit system offers more
than 550 sites of care, including its seven hospitals. Powered by a
workforce of 20,000 team members and 5,440 affiliated physicians
dedicated to building healthier communities, Atlantic Health System
serves more than half of the state of New
Jersey including 14 counties and 7.5 million people.
"I cannot say enough about Andy
Colbert and his team at Ziegler. We would never have
achieved the remarkable results we obtained without his guidance,
knowledge, and the team's work ethic. From our first meetings, Andy
and his associates started to dive into our business, identifying
our strengths and pointing us in a direction to maximize our
business's value. We saw value from our first meetings. Helping us
work through over a hundred NDAs, picking a core group to interview
through the final LOI, and ultimately signing our new JV with
Atlantic Health System, Andy and the team were there to guide us.
When the dust started to clear, we had an amazing deal, a solid
partner, and a rejuvenated feel for what will be achievable moving
forward. Thanks, Andy, Drew, Jack, and David. You were our ace in
the hole throughout," stated Dave
Bollard, CEO of Premier Health Associates.
"We are thrilled to have advised Premier on this very exciting
partnership with Atlantic Health that will expand the access to
care for individuals across Northern New
Jersey" said Andrew Colbert,
Senior Managing Director in Ziegler's Healthcare Investment Banking
practice. "The combination of Premier's 60-year history of patient
care and Atlantic's depth and breadth of capabilities creates the
perfect platform for delivering high quality care in a value-based
ecosystem," added Drew Braucht,
Director, Ziegler Healthcare Investment Banking.
Ziegler's Healthcare Investment Banking team is focused on
delivering best-in-class advisory and capital raising solutions for
companies and organizations across the healthcare industry. Ziegler
specializes in advising physician groups on strategic and financing
alternatives including PSAs, mergers/acquisitions, health system
partnerships, joint ventures, MSOs, strategic partnerships, private
equity deals and capital investments. The team has advised on over
60 transactions with provider group clients across the U.S. and
totaling over $6.1 billion in value.
More information is available at
https://www.ziegler.com/physician-groups.
Brach Eichler LLC provided legal counsel to Premier Health, and
Jones Day served as legal counsel to
Atlantic Health in connection with the transaction.
For more information about Ziegler, please visit us at
http://www.ziegler.com.
About Ziegler:
Ziegler is a privately held, national boutique investment bank,
capital markets, and proprietary investments firm. It has a unique
focus on healthcare, senior living, and education sectors, as well
as general municipal and structured finance. Headquartered in
Chicago with regional and branch
offices throughout the U.S., Ziegler provides its clients with
capital raising, strategic advisory services, fixed income sales,
underwriting and trading as well as Ziegler Credit, Surveillance,
and Analytics. To learn more, visit http://www.ziegler.com.
Certain comments in this news release represent forward-looking
statements made pursuant to the provisions of the Private
Securities Litigation Reform Act of 1995. This client's experience
may not be representative of the experience of other clients, nor
is it indicative of future performance or success. The
forward-looking statements are subject to a number of risks and
uncertainties, in particular, the overall financial health of the
securities industry, the strength of the healthcare sector of the
U.S. economy and the municipal securities marketplace, the ability
of the Company to underwrite and distribute securities, the market
value of mutual fund portfolios and separate account portfolios
advised by the Company, the volume of sales by its retail brokers,
the outcome of pending litigation, and the ability to attract and
retain qualified employees.
Media Contact
Christine McCarty, Ziegler,
3125961617, cmccarty@ziegler.com , www.ziegler.com
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SOURCE Ziegler