NASHVILLE, Tenn. & CANTON, Ohio--(BUSINESS WIRE)-- Hospitalists Management Group (HMG) and Cogent Healthcare (Cogent) have closed on a deal announced in April that merges the two companies, officials announced today. This combination forms the largest private hospitalist company in the United States, with nearly 1,000 affiliated hospitalists and extenders practicing in more than 100 healthcare facilities nationwide.
With the transaction completed, the integration process will begin immediately. The new company will be called Cogent-HMG and will be headquartered in Nashville, with offices in Canton.
“We are eager to begin the actual process of joining forces with HMG,” said former Cogent CEO Gene Fleming, who will become the full-time executive chairman of the new company. “Employees, physicians and hospital clients of both companies have welcomed the news of this event. We are all anxious to begin leveraging the complementary strengths of our organizations.”
HMG has historically focused on partnering with small- to medium-sized hospitals in suburban and rural markets, while Cogent has concentrated on partnering with medium- to large-sized hospitals. Both companies were pioneers in the field during the 1990s and have developed custom hospital medicine solutions with a hospital-centric partnering approach.
“Individually, both companies are well-respected in the field of hospital medicine,” said former HMG CEO Dr. Stephen Houff, who will become CEO of the combined company. “Combined, we will have a stronger platform from which to meet the evolving needs of the hospitals nationwide, especially as they face the demands of healthcare reform.”
The value of the transaction was not disclosed.
About Cogent Healthcare
Founded in 1997, Cogent Healthcare is a pioneer and leader in the field of hospital medicine and critical care medicine. The company partners with hospitals to build and manage highly performing hospitalist programs and intensivist programs. In order to relentlessly improve the care and efficiency of hospitalized patients, the Cogent model offers a comprehensive System of Care™ that supports hospitalists with structure, a coordinated care team, data driven processes, rigorous ongoing training and experienced leadership. Cogent physicians lead the profession by setting best practices for hospital medicine and providing a national mentoring program. For more information, visit www.cogenthealthcare.com.
About Hospitalists Management Group, LLC
In 1993, Dr. Stephen L. Houff, one of the true pioneers in the field of hospital medicine, forged the beginnings of a hospitalist service in Columbus, Ohio. Today, HMG has partnered with more than 60 hospitals in 18 states. HMG’s growth has been organically driven through new partnership startups and referrals. HMG supports more than 500 physicians and mid-level providers who continue to embody the service, quality and dedication upon which the organization is based. Within the medical systems it serves, HMG implements customized programs, yields measurable outcomes and drives continuous innovation. For more information, visit www.hmgdoc.com.
Anne Hancock Toomey, 615-254-0575
KEYWORDS: United States North America Ohio Tennessee
INDUSTRY KEYWORDS: Health Hospitals