NorthStar Anesthesia Acquires AmSol, Expands Presence in Southeast and Midwest

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Dec 18, 2014, 11:30 ET

DALLAS, Dec. 18, 2014 /PRNewswire/ -- NorthStar Anesthesia, one of the country's leading anesthesia care companies, announced today that it has acquired Anesthesia Management Solutions (AmSol), a North Carolina-based anesthesia management company with more than 20 locations across the Southeast and Midwest.

With this combination, NorthStar expands its footprint into four new states and increases its team of anesthesiologists and CRNAs to 1,200 providers caring for patients at more than 100 facilities in 18 states.

"We're excited to join forces with AmSol," said NorthStar CEO Chris Riopelle. "We know that together we will create a stronger and more effective community of caregivers focused on the highest quality of care for our patients, as well as the highest level of service to our surgeons and hospital partners."

James W. Cottrell, M.D., CEO and founder of AmSol, added, "Like AmSol, NorthStar was founded on the principle of delivering excellence in anesthesia care supported by industry leading management services to hospitals and ambulatory surgery centers. Our teams complement each other well, and we are thrilled about expanding our business together."

About NorthStar Anesthesia
NorthStar Anesthesia is a company of caregivers, founded by an anesthesiologist and a CRNA. NorthStar partners with hospitals and ASCs to deliver a more productive and efficient model of anesthesia care. Its care team approach focuses on the provision of high quality while measurably improving operating room performance. That same approach attracted a majority investment from TPG Growth in 2013 and established NorthStar as one of the most successful and fastest growing anesthesia care companies in America. For more information, visit www.northstaranesthesia.com

About TPG Growth
TPG Growth is the middle market and growth equity investment platform of TPG, the global private investment firm. With $3.7 billion under management, TPG Growth targets investments in a broad range of industries and geographies. The firm is backed by the resources of TPG, which has over $66 billion of assets under management. TPG has a long history of investments in healthcare including Par Pharmaceutical Companies, Biomet, Evolent Health, IASIS Healthcare, Healthscope Limited, Sutures India Pvt Ltd, Surgical Care Affiliates, IMS Health, Access Clinical Partners, Biomet, Envision Pharmaceutical, Quintiles Transnational, Oxford Health Plans and IMDSoft, among others. TPG Growth has offices in the United States, China and India. For more information, visit www.tpggrowth.com.

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SOURCE NorthStar Anesthesia