Cogent HMG Acquires Intensivist Group
Cogent HMG, the nation's largest private hospitalist provider, announced Tuesday that it has acquired The Intensivist Group, a Lake Zurich, IL-based provider of hospital critical care services.
Financial terms were not disclosed.
"We believe this partnership is happening at the right time," Stephen Houff, MD, CEO of Brentwood, TN-based Cogent HMG, said in prepared remarks. "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 staffs."
The Intensivist Group, created in 2001, employs more than 30 physicians, with services and consultation in more than 20 hospitals in Pennsylvania, Missouri, and Illinois, according to the company profile.
"This opportunity provides our physicians, clinical staff, and especially our patients and hospital clients with greater resources, leadership, and additional technology," Jay Cowen, MD, president/CEO of The Intensivist Group, said in prepared remarks.
On April 12, Cogent Healthcare and Hospitalists Management Group announced plans to merge and become Cogent HMG, the largest, private hospitalist management company in the nation, with services and consulting in more than 100 hospitals nationwide.