Delphi Healthcare Partners, Inc. Tombstone

Case Study – Strategic Sale

Delphi Healthcare Partners, Inc., headquartered in Morrisville, North Carolina, is the largest provider of outsourced Orthopedic, OB/GYN and General Surgery Hospitalist programs in the United States.  The Company’s turnkey solutions include recruiting, placing and scheduling long-term guaranteed physicians, as well as insurance, billing, collections and the overall management of the hospital’s clinical program.

Situation:

  • As a result of increasing health concerns and estate planning needs, the founder and majority shareholder was seeking liquidity for his investment while finding a partner to help the Company grow

Challenges:

  • The Company’s rapid growth in its ten years of existence presented numerous financial management challenges
  • The Company made several significant changes to its management team
  • Long-term, complex contracts with client hospitals required significant diligence by the buyer

Successful Solution:

  • Anderson LeNeave contacted a focused group of strategic buyers and a large group of financial buyers with a defined interest in the physician practice management and / or general healthcare industries
  • Delphi Healthcare Partners, Inc. was sold to TeamHealth Holdings Inc. (NYSE: TMH)