BGL Announces the Joint Venture of HPI, INTEGRIS and USPI
November 20 2018
Chicago – November 20, 2018 – Brown Gibbons Lang & Company (BGL) is pleased to announce that INTEGRIS Health, an Oklahoma based health care system, and United Surgical Partners International (USPI), a leading provider of ambulatory services in the United States, through a newly formed joint venture, have acquired a controlling interest in HPI Holdings LLC (HPI), an operator of hospitals, outpatient centers and clinics in Oklahoma City, through a transaction designed to offer patients and families more choice and flexibility of care settings. BGL’s Healthcare & Life Sciences team served as the exclusive financial advisor to HPI in the transaction. The specific terms of the transaction were not disclosed.
The transaction builds upon BGL’s clear market leadership position in advising physician-owned surgical facilities and related ancillary services. HPI represents the seventh physician-owned surgical hospital transaction for BGL’s Healthcare & Life Sciences investment banking practice in the last five years.
The transaction combines HPI’s comprehensive service offerings and convenience of care, the INTEGRIS system’s unmatched continuum in Oklahoma, and the management infrastructure and capabilities of USPI. It also establishes an affiliation of more than 1,300 accomplished physicians, representing a wide variety of specialties with practices across metro Oklahoma City.
HPI, also known as Healthcare Partners, is a CMS 5-star rated and Blue Distinction Center operator of physician-owned hospitals, outpatient centers and clinics in Oklahoma City, OK. HPI also manages a large physician practice. For more information visit www.hpillc.org.
INTEGRIS, a large Oklahoma not-for-profit health system headquartered in the state, is recognized for quality and innovation and offers advanced treatment options and specialties found nowhere else in the region. INTEGRIS is a member of the Mayo Clinic Care Network. For more information, visit integrisok.com.
United Surgical Partners International is an ambulatory healthcare provider serving approximately 2.5 million patients a year in collaboration with over 9,000 physicians and over 50 prominent health system partners nationwide. The company, which is a subsidiary of Tenet Healthcare Corporation, currently operates 280 surgical facilities, 105 urgent care centers and 24 imaging centers. For more information, please visit uspi.com.
About Brown Gibbons Lang & Company
Brown Gibbons Lang & Company is a leading independent investment bank serving the middle market. BGL specializes in mergers and acquisitions advisory services, debt and equity placements, financial restructuring advice, and valuations and fairness opinions, with global industry teams in Consumer & Retail, Environmental & Industrial Services, Healthcare & Life Sciences, Diversified Industrials, Metals & Metals Processing, and Real Estate. BGL has offices in Atlanta, Chicago, Cleveland, Denver, Philadelphia, San Antonio, and San Diego in addition to Global M&A partner offices in more than 50 countries across 5 continents. BGL is able to deliver to our clients unparalleled access to strategic relationships, investors, and opportunities globally. For more information, please visit www.bglco.com.