Arlington, Texas-based Texas Health Resources has acquired MedicalEdge Healthcare Group, one of the largest independent physician practice groups in North Texas, according to a news release by the health system.
Texas Health Resources also acquired PhyServe, the management services organization that has served the MedicalEdge physicians and their business operations.
In a separate transaction, MedSynergies, a provider of hospital-physician alignment solutions, will acquire PhyServe from Texas Health.
Texas Health's acquisition of the group will allow it to become a "'medical home' for thousands of North Texas Patients," according to Douglas D. Hawthorne, FACHE, CEO of Texas Health Resources.
MedicalEdge features 250 locations and employs more than 420 physicians and physician extenders.
Terms of the deal, which closed Dec. 31, were not publicly disclosed.
Read the release on Texas Health Resources.
Read more coverage on Texas Health Resources:
- Vance Reynolds Named CEO of Texas Health Presbyterian Hospital
- Texas Health Presbyterian Hospital and LHP Hospital Group Partner to Acquire Wilson N. Jones Medical Center
Texas Health Resources also acquired PhyServe, the management services organization that has served the MedicalEdge physicians and their business operations.
In a separate transaction, MedSynergies, a provider of hospital-physician alignment solutions, will acquire PhyServe from Texas Health.
Texas Health's acquisition of the group will allow it to become a "'medical home' for thousands of North Texas Patients," according to Douglas D. Hawthorne, FACHE, CEO of Texas Health Resources.
MedicalEdge features 250 locations and employs more than 420 physicians and physician extenders.
Terms of the deal, which closed Dec. 31, were not publicly disclosed.
Read the release on Texas Health Resources.
Read more coverage on Texas Health Resources:
- Vance Reynolds Named CEO of Texas Health Presbyterian Hospital
- Texas Health Presbyterian Hospital and LHP Hospital Group Partner to Acquire Wilson N. Jones Medical Center