FORT LAUDERDALE, Fla., June 29, 2016 (GLOBE NEWSWIRE) — Cross Keys Capital, LLC, a leading independent investment banking firm providing M&A advisory services to healthcare companies, is pleased to announce that it has acted as the exclusive financial advisor to Jandee Anesthesiology Partners and Karadan Anesthesiology and Pain Management in their sale to Sheridan Healthcare, the Physician Services Division of AmSurg Corporation. The transaction was led by Cross Keys’ Managing Director Bill Britton and Vice President Victor Kalafa.
Mr. Britton, co-founder of Cross Keys and leader of the healthcare practice said, “The healthcare marketplace continues to evolve at a record pace. As we have seen with recent M&A deals, size matters and desire for value added services that only affiliation with a larger entity can bring, coupled with accelerating hospital consolidation, further fuels the rapid pace of change in the healthcare landscape.”
“This latest acquisition demonstrates there is a continued interest from strategic buyers to acquire quality practices in order to strengthen their position within markets that are consolidating,” added Mr. Britton. “We were pleased to have had the opportunity to work closely with Jandee and Karadan to help close a deal that made strategic sense for both parties.”
Jandee Anesthesiology and Karadan Anesthesiology provide services through a network of nine ambulatory surgery centers and other facilities in New Jersey and New York. The physicians will join Sheridan’s New Jersey practice – a network of more than 30 New Jersey hospitals and ambulatory centers and growing.
“Cross Keys Capital led us through a very thorough process to help us identify the best partner for our group,” said Monte Goldstein, M.D. “The Cross Keys team was insightful every step of the way and truly served as our advocate to help us achieve our goals,” added John Pillitteri, M.D.
The sale of Jandee and Karadan represents Cross Keys’ 23rd and 24th closed transaction on behalf of anesthesiology practice groups over the past five years – and the fourth and fifth groups they have supported in a successful sale in 2016.
About Cross Keys Capital, LLC
Cross Keys Capital, LLC (www.crosskeyscapital.com) is an independent investment bank providing merger and acquisition advisory services to established businesses in the middle market, in areas including business services, niche manufacturing, and information technology. Its healthcare practice is a leader representing anesthesiology practices and other private physician group practices including radiology, ED, pathology, hospitalists, vision and eye care, dermatology, as well as a variety of healthcare providers and service companies. The firm’s extensive experience and track record in advising physician practices are unrivaled by any other middle-market investment banking firm in the nation – Cross Keys has completed the sale or merger of over forty transactions of independent physician group practices, healthcare providers, services, and technology companies.
For more information on Cross Keys Capital’s perspectives on physician practices contact Bill Britton at (954)779-3195.