EDP Investment Holdings, an acquisition platform focused on the hospital-based physician staffing and management sector, has acquired EDCare Management Inc., a Fort Lauderdale, Fla.-based provider of emergency department and hospitalist staffing and management services. No financial terms were disclosed. EDP is sponsored by Beecken Petty O’Keefe & Co.
PRESS RELEASE
EDP Investment Holdings, LLC, a portfolio company of Beecken Petty O’Keefe & Company, has acquired EDCare Management, Inc.
EDCare, headquartered in Fort Lauderdale, is one of the leading providers of comprehensive emergency department and hospitalist staffing and management services in the country. The company was founded by Jeffrey and David Schillinger, both of whom will continue to manage the business.
EDP Investment Holdings, LLC was formed by Beecken Petty O’Keefe & Company to make acquisitions in the hospital-based physician staffing and management sector. In June, EDP purchased Sterling Healthcare, based in Jacksonville, Florida. Like EDCare, Sterling provides emergency department staffing and management services, as well as staffing services to government healthcare entities.
Together, Sterling Healthcare and EDCare have a national presence with over 100 contracts in 15 states. The combined business has access to substantial capital from Beecken Petty O’Keefe & Company for additional acquisitions, a strong and tenured management team, and a scalable infrastructure to support organic growth.
About EDP Investment Holdings
EDP Investment Holdings is a portfolio company of Beecken Petty O’Keefe & Company (http://www.bpoc.com), a Chicago-based private equity management firm founded in 1996 to invest in middle-market buy-out transactions, recapitalizations, and growth platforms in the healthcare industry. BPOC evaluates, structures, and manages investments on behalf of institutional and individual investors.
About EDCare
EDCare currently has contracted relationships with more than 75 hospitals, treating close to 1,500,000 patients annually. Its physician services team maintains relationships with more than 1,000 physicians and mid-level providers. EDCare’s management team has more than 50 years of combined Emergency Department experience, and has managed close to 200 Emergency Departments over the past 15 years with patient volumes ranging from 5,000 to 75,000 annual visits. Visit www.edcaremgt.com to learn more about EDCare.
About Sterling Healthcare
Sterling is a national provider of clinical emergency management services with headquarters in Jacksonville, Florida. Sterling manages numerous contracts across the United States and has treated more than 40 million patients since the company first began operation in 1977. Sterling’s team of physicians and allied health providers are dedicated to delivering high-quality, cost-effective emergency care and hospitalist services while delivering focused responses and innovative solutions to the issues that face hospital emergency departments. Visit www.sterlinghealthcare.com to learn more about Sterling Healthcare.
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