Cross Keys Capital, an independent bank, was the exclusive financial advisor to AllegiantMD in Tampa, Fla., in its acquisition deal with AmSurg's Sheridan Healthcare earlier this month.
Here are four notes:
1. Bill Britton, Cross Keys' managing director, and Marjorie Change, the company's vice president, led the transaction.
2. Serving 18 Tampa facilities, AllegiantMD provides most of its services to Hospital Corporation of America as well as Community Health Systems acute care hospitals.
3. Currently, Sheridan's radiology portfolio is comprised of more than 300 radiologists at 150 facilities throughout the United States.
4. The recent transaction represents the 48th physician group practice deal that Cross Keys has closed on behalf of its physician group practice clients
"It was a pleasure working with Bill Britton, Marjorie Chang and the Cross Keys Capital team on our transaction. Cross Keys was exemplary in their expertise and professionalism throughout the process," said Ellis Norsoph, MD, MBA, CEO of AllegiantMD. "We very much appreciated and benefitted from their expertise in the hospital-based physician space and would recommend them strongly to our colleagues contemplating an M&A event."
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