Northeast Georgia Health System, Inc. acquired Barrow Regional Medical Center and its affiliates
Transaction Announcement
Ponder & Co. (“Ponder”) is pleased to announce that Northeast Georgia Health System, Inc. (“NGHS”) has acquired Barrow Regional Medical Center (“BRMC”) and its affiliates, including Barrow Medical Group, from Quorum Health Corporation (“QHC”). BRMC will become Northeast Georgia Medical Center Barrow, NGHS’ third hospital campus. This transaction preserves and improves local access to high quality affordable healthcare services for the residents of Winder, Georgia and surrounding communities in and around Barrow County.
Northeast Georgia Health System, Inc.
Headquartered in Gainesville, Georgia, NGHS serves more than 800,000 people across the region through three hospital campuses and a variety of outpatient locations. Northeast Georgia Medical Center’s (“NGMC”) three hospital campuses – NGMC Gainesville, NGMC Braselton and NGMC Barrow – have a total of 713 beds and medical staff members representing more than 50 specialties. NGHS’ net revenue was $1,048.5 million in fiscal year 2016.
Barrow Regional Medical Center
NGMC Barrow has been serving Northeast Georgia since 1951. With 56 beds and medical staff of more than 180 providers, NGMC Barrow brings services modeled around programs of excellence at NGMC – Georgia’s #1 Hospital in 2016 (CareChex®) – to Barrow County. These include emergency services, advanced surgical and medical care, orthopedics and imaging services.
Quorum Health Corporation
QHC is an operator and manager of general acute care hospitals and outpatient services in the United States. Through its affiliates, the company owns or leases a diversified portfolio of 36 affiliated hospitals with an aggregate of over 3,400 licensed beds. QHC also operates Quorum Health Resources, LLC, a leading hospital management advisory and consulting services business. QHC began trading on the NYSE under ticker symbol “QHC” on May 2, 2016, after completing its spin-off from Community Health Systems, Inc. (NYSE: CYH).
Ponder’s Role
Ponder’s M&A Group served as NGHS’ exclusive financial advisor in the acquisition and supported negotiation of the terms and conditions of the asset purchase agreement.
Ponder & Co.
Ponder & Co. provides M&A and Capital Advisory services to more than 150 non-profit hospital and healthcare system clients. Ponder has completed more than 175 M&A engagements involving acute and specialty hospitals, senior health and housing facilities, long-term acute care facilities, ambulatory surgery centers and behavioral health facilities. Transactions have ranged from $10 million to $1.5 billion in value.
Ponder’s M&A services include:
- Strategic option assessments
- Partnerships, joint ventures and strategic alliances
- Mergers, acquisitions and divestitures
- Business valuations and fairness opinions
- Board and special committee assignments
- Real estate transaction services