Bowstring Advises Gwinnett Emergency Specialists in its Sale to Envision Healthcare Corporation
June 1, 2017 | Atlanta, GA
Bowstring Advisors (“Bowstring”) served as the exclusive financial advisor to Gwinnett Emergency Specialists, P.C. (“GES” or “the Company”), an emergency medicine physician group practice located in Lawrenceville, Ga., in its sale to Envision Physician Services, a division of Envision Healthcare Corporation (NYSE: EVHC).
Founded in 1991, GES consists of more than 40 physicians and 30 advanced practice practitioners who provide patient care for Gwinnett Medical Center’s (“GMC”) two acute care hospitals located in north metro Atlanta, Ga. GMC Duluth offers a full-service, all-ages Emergency Department, and GMC Lawrenceville operates as a Level II Trauma Center and includes a separate Children’s Emergency Center. GMC is also accredited as a chest pain center and stroke center.
Philip Cannon, M.D., President and co-founder of GES, stated, “We are excited to be part of a growing national provider group that is committed to supporting physicians caring for patients in their local communities, and we are grateful to the Bowstring team for their assistance and guidance in our search for the best long-term partner.”
Carlton Buchanan, M.D., Medical Director of GES and President of the Medical Staff of GMC’s Lawrenceville and Duluth facilities, added, “Bowstring’s knowledge of and relationships across the competitive landscape allowed us to rather quickly assess our strategic options. This coupled with the team’s persistent attention and advocacy gave us great comfort that joining the Envision team was in the best interest of all our constituents.”
“It was truly gratifying working with such a high-caliber group and talented leadership team,” said Ross DeDeyn, Managing Director at Bowstring Advisory Partners. “We are pleased that they have partnered with Envision and look forward to hearing of their growth and accolades for years to come.”
We are excited to be part of a growing national provider group that is committed to supporting physicians caring for patients in their local communities, and we are grateful to the Bowstring team for their assistance and guidance in our search for the best long-term partner.
Philip Cannon, M.D.
President and Co-Founder
Gwinnett Emergency Specialists