BRENTWOOD, TN – Cogent HMG, a national leader in the field of hospital medicine and critical care medicine, has
acquired The Intensivist Group, the preeminent provider of intensivist servicesfor hospitals. The transaction was completed
effective August 1, 2011.
"We are delighted to partner with The Intensivist Group, an innovator and leader in critical care medicine," said Stephen
Houff, M.D., CEO of Cogent HMG. "Enhancing the performance of the ICUis an important focus for our current hospital
partners and health systems nationwide. Partnering with The Intensivist Group will strengthen our ability to provide needed
expertise through a proven, successful intensivist program model."
Founded in 2001, The Intensivist Group operates eight full-service intensivist programs, delivering exceptional quality and outcomes and significant cost savings for its hospital partners. The Intensivist Group is headquartered in Lake Zurich, Ill.,and employs more than 30 providers.
"This opportunity provides our physicians, clinical staff, and especially our patients and hospital clients with greater
resources, leadership and additional technology," said Jay Cowen, M.D., President and CEO of The Intensivist Group. "By
joining with a company that shares our business philosophy, we are strengthening our commitment to bring the highest
quality critical care services to the hospitals that need them."
"Built on a foundation of strong physician leadership and practice management support, both Cogent HMG and The
Intensivist Group have played a vital role in shaping the direction of inpatient care across the country. Coming together will
give us an even greater opportunity to manage quality, cost and the patient experience throughout the hospital stay," said
Rusty Holman, M.D., M.H.M., Chief Clinical Officer of Cogent HMG.
Added Houff, "We believe this partnership is happening at the right time. We feel certain reform will bring an even greater
need for our services, as hospitals will increasingly need to both improve oversight on outcomes and align with their medical
This transaction comes on the heels of Cogent Healthcare and Hospitalists Management Group (HMG) merging in April of
this year to form Cogent HMG. The combination created the largest, private hospitalist management company in the United
States. Partnering with The Intensivist Group creates the largest critical care services provider with programs in nearly 20
hospitals across the United States.
About The Intensivist Group
The Intensivist Group (TIG) is the leading provider of critical care services to community hospitals across the country. Our
mission is to assist hospitals in the implementation of intensivist led ICU programs that will reduce mortality and
complications for patients, improve financial outcomes for hospitals and enhance compliance with established guidelines for
ICU care. TIG accomplishes these goals through direct ICU program management in client hospitals and also with both short
term and long term consulting engagements. Using our core principles of multi-disciplinary care, collaboration with local
physicians and process and outcome measurement, TIG has consistently achieved meaningful improvements in quality and
efficiency. To learn more about The Intensivist Group, please visit www.theintensivistgroup.com.
About Cogent HMG
Cogent HMG is the nation's largest private hospitalist company, partnering with more than 100 hospitals across the country
to build and manage high-performing hospitalist and intensivist programs. To improve efficiency and care in partner systems,
Cogent HMG offers a comprehensive System of Care™ that supports hospitalists and intensivists with structure, a
coordinated care team, data driven processes, rigorous ongoing training and experienced leadership. With more than 1,000
affiliated physicians and mid-level providers, Cogent HMG is dedicated to the advancement of the field by setting best
practices for hospital medicine and through its established national mentoring program. Cogent HMG was formed in 2011
from the merger of Cogent Healthcare and Hospitalist Management Group, LLC, two pioneers of the hospital medicine
industry. For more information on the newly merged company, click here.
About Waud Capital Partners
WCP is a leading middle-market private equity investment firm founded in 1993 that partners with exceptional management
teams to invest in growth equity investments, industry consolidations, buyouts and recapitalizations. The firm seeks to invest
$10 million to $100 million in private companies in the following four areas: healthcare services, business and consumer
services, specialty distribution and value-added industrial businesses. Typically, the companies in which WCP invests have
enterprise values between $30 million and $300 million.
For additional information on WCP, visit the firm's website at www.waudcapital.com.
For Further Information:
David Neighbours, Partner
Waud Capital Partners
For Media Inquiries:
Jen Dowd, Vice President
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