Trinity Health has acquired a majority ownership interest in Premier Health Consultants
March 12, 2021
Trinity Health, one of the largest multi-institutional Catholic healthcare delivery systems in the United States, has completed the acquisition of a majority ownership interest in Premier Health Consultants, a recognized national leader in urgent care. The relationship with Premier is part of Trinity Health’s strategy to increase access to convenient, local health care services in its current communities as well as in new markets in partnership with other leading health care organizations. Premier’s founding partner, Baton Rouge-based Franciscan Missionaries of Our Lady Health System, will continue to share ownership interest in Premier as part of this transaction.
Cain Brothers, a division of KeyBanc Capital Markets, served as exclusive financial advisor to Trinity Health, highlighting Cain Brothers’ deep domain expertise in urgent care and ambulatory strategies for health systems and a strong understanding of recapitalizations of founder-owned health care businesses.
Premier is one of the top 10 largest private urgent care operators in the United States. Premier is the first urgent care operator in the United States to own and operate urgent care centers utilizing a health system joint-venture model. Premier currently operates more than 70 urgent care clinics across seven states, each with consistently high patient satisfaction scores.
Trinity Health is one of the largest multi-institutional Catholic health care delivery systems in the nation, serving diverse communities that include more than 30 million people across 22 states. Trinity Health includes 92 hospitals, as well as 100 continuing care locations that include PACE programs, senior living facilities, and home care and hospice services. Its continuing care programs provide nearly 2 million visits annually. Based in Livonia, Mich., and with annual operating revenues of $18.8 billion, the organization returns $1.3 billion to its communities annually in the form of charity care and other community benefit programs. Trinity Health employs 123,000 colleagues, including 6,800 employed physicians and clinicians.