Bend Memorial Clinic, P.C. has entered into a comprehensive management services relationship with Summit Health Management
January 10, 2018
Bend Memorial Clinic, P.C. (“BMC”), a leading multi-specialty physician group in Central Oregon, has completed the sale of substantially all of its assets to Summit Health Management (“Summit”), a provider of practice management services to New Jersey-based Summit Medical Group and other practices across the United States. In connection with the sale of its assets, BMC simultaneously entered into a comprehensive management services relationship with Summit for administrative, clinical and financial management services.
Cain Brothers acted as exclusive financial advisor to BMC in connection with this transaction.
BMC includes more than 120 providers across 30 specialties and offers urgent care, primary care, specialty care, imaging and other clinical services. With five clinic locations, BMC is the largest multi-specialty group in Central Oregon and provides quality, convenient healthcare known as TotalCare™. The Clinic has provided primary and specialty care since 1946.
Founded in 2014, Summit offers a physician-led, professionally managed model of management services for Summit Medical Group in New Jersey and mid- to large-sized physician practices across the United States. Developed by physicians for physicians, Summit provides an innovative alternative to traditional options for the integration of multi-specialty group practices and the delivery of value-based care.