EMP Holdings Announces the Pending Acquisition of EMSource, LLC
Canton, OH – EMP Holdings is pleased to announce the pending
acquisition of EMSource, LLC, a management services organization
(MSO) based in Roseville, California.
EMP Holdings provides management and billing services for Emergency
Medicine Physicians, Ltd. (EMP). EMSource is currently the management
company for Emergency Physicians Medical Group (EPMG) of California.
After the merger, EMP and EPMG will contract independently with
EMP Holdings for the provision of these services.
EMP and EPMG are both 100% physician-owned, high quality emergency
medical service providers. Both strive to hire only board certified
emergency physicians and invest significant resources in professional
development and education. EMP has contracts in Ohio, West Virginia,
Connecticut, New York, North Carolina, and Rhode Island while EPMG
has contracts in California, Nevada and Hawaii.
The transaction, which is scheduled to close on June 1st, 2004,
will allow both EMP and EPMG to enjoy a national reputation and
facilitate the growth of both groups on their respective coasts.
This continued growth will enable each group to provide better services
and reduce management costs.
"This is a tremendous opportunity for us to provide high quality
emergency medical care nationwide at a lower cost,” commented
Dr. Dominic Bagnoli, Chief Operating Officer of EMP. “This
merger will benefit our patients, our physicians and the hospitals
we serve."
As a result of the merger, EMP and EPMG will provide emergency medical
services to over 1.7 million patients annually at 58 hospitals in
ten states with over 500 clinicians and 400 administrative employees.
"We strongly support the merger of EPMG's management company,
EMSource, with EMP Holdings,” stated Dr. B. Joshua Rubin,
Chief Executive Officer of EMSource, LLC. “This synergistic
new partnership will accelerate improvements in service to our emergency
physicians and mid-level providers while immediately driving down
the cost for those services. By achieving these goals, our clinicians
will be better able to focus on providing the highest quality of
care to each patient."
Headquartered in Canton, Ohio, EMP Holdings was established in 2001.
For more information, please contact Dr. Dominic Bagnoli at 330.493.4443.
Also visit www.editorpressroom.com/emp
or www.emp.com or e-mail
djbagnoli@emp.com.
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