DOCSLIB.ORG

First Choice Emergency Room

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
First Choice Emergency Room SUBJECT PROPERTY EXCLUSIVE OFFERING | $8,711,000 – 6.75% CAP FIRST CHOICE EMERGENCY ROOM 3016 Marina Bay Dr, League City, TX (HOUSTON) 214.915.8890 property. 6,391+ SF building on 1.06+ acres. Relocation from high performing store to new freestanding location. First Choice Emergency Room is based in Lewisville, TX and is the leading freestanding emergency room system. Parent company, Adeptus Health, had BOB MOORHEAD tenant. [email protected] $243 million in patient service revenue (fiscal year ended December 2014) and $109 million in patient service revenue (2015 Q3). 15-year, Corporate Absolute NNN lease, with 14 years remaining and 2.0% annual rent increases every year during initial term & options. JOE CAPUTO lease structure. [email protected] location. First Choice Emergency Room is located at the intersection of Marina Bay Dr (15,529 Cars / Day) and S Shore Blvd (11,201 Cars / Day) just south of RUSSELL SMITH the NASA Johnson Space Center. Marina Bay Dr is an east-west thoroughfare which serves the northern portion of League City and connects the immediate trade [email protected] area to I-45, one of Houston’s main transportation corridors. Numerous national credit tenants have taken advantage of this convenience and accessibility. The subject property is within close proximity to McDonald’s, Burger King, Starbucks, CVS, Walgreens, Randall’s, GNC, Subway, Anytime Fitness, and smoothie King. Other tenants near the subject property include Kroger, Taco Bell, Advanced Auto Parts, Firestone Complete Auto Care, and Clear Creek High School. Table of contents | Disclaimer FIRST CHOICE EMERGENCY ROOM 3016 Marina Bay Dr, League City, TX (HOUSTON) PAGE 1: COVER Disclaimer Trivanta (“Agent”) has been engaged as an agent for the sale of the property located at PAGE 2: TABLE OF CONTENTS | DISCLAIMER 3016 Marina Bay Dr, League City, TX by the owner of the Property (“Seller”). The Property is being offered for sale in an “as-is, where-is” condition and Seller and Agent make no PAGE 3: INVESTMENT | TENANT | LEASE OVERVIEW representations or warranties as to the accuracy of the information contained in this Offering Memorandum. The enclosed materials include highly confidential information and are being furnished solely for the purpose of review by prospective purchasers of the PAGE 4-5: AERIAL PHOTOS interest described herein. The enclosed materials are being provided solely to facilitate the prospective investor’s own due diligence for which it shall be fully and solely responsible. The material contained herein is based on information and sources deemed to be reliable, PAGE 6: SITE PLAN but no representation or warranty, express or implied, is being made by Agent or Seller or any of their respective representatives, affiliates, officers, employees, shareholders, PAGE 7: LOCATION OVERVIEW partners and directors, as to the accuracy or completeness of the information contained herein. Summaries contained herein of any legal or other documents are not intended to be comprehensive statements of the terms of such documents, but rather only outlines of RD PAGE 8: 3 QUARTER 2015 HIGHLIGHTS & GUIDANCE some of the principal provisions contained therein. Neither the Agent nor the Seller shall have any liability whatsoever for the accuracy or completeness of the information contained PAGE 9: MARKET OUTLOOK herein or any other written or oral communication or information transmitted or made available or any action taken or decision made by the recipient with respect to the Property. Interested parties are to make their own investigations, projections and conclusions without PAGE 10: PRESS GANEY AWARD reliance upon the material contained herein. Seller reserves the right, at its sole and absolute discretion, to withdraw the Property from being marketed for sale at any time and PAGE 11-12: LOCATION MAPS for any reason. Seller and Agent each expressly reserves the right, at their sole and absolute discretion, to reject any and all expressions of interest or offers regarding the Property and/or to terminate discussions with any entity at any time, with or without notice. PAGE 13: DEMOGRAPHICS This offering is made subject to omissions, correction of errors, change of price or other terms, prior sale or withdrawal from the market without notice. Agent is not authorized to make any representations or agreements on behalf of Seller. Seller shall have no legal commitment or obligation to any interested party reviewing the enclosed materials, performing additional investigation and/or making an offer to purchase the Property unless and until a binding written agreement for the purchase of the Property has been fully executed, delivered, and approved by Seller and any conditions to Seller’s obligations hereunder have been satisfied or waived. By taking possession of and reviewing the information contained herein, the recipient agrees that (a) the enclosed materials and their contents are of a highly confidential nature and will be held and treated in the strictest confidence and shall be returned to Agent or Seller promptly upon request; and (b) the recipient shall not contact employees or tenants of the Property directly or indirectly regarding any aspect of the enclosed materials or the Property without the prior written approval of the Seller or Agent; and (c) no portion of the enclosed materials may be copied or otherwise reproduced without the prior written authorization of Seller and Agent. 2 Investment overview FIRST CHOICE EMERGENCY ROOM 3016 Marina Bay Dr, League City, TX (HOUSTON) Lease overview PRICE: $8,711,000 Initial Lease Term: 15-Years, Plus 5, 5-Year Options to Renew CAP RATE: 6.75% Rent Commencement: October 2014 CAP RATE (AVG TERM REMAIN.): 7.70% Lease Expiration: October 2029 Lease Type: Absolute NNN NET OPERATING INCOME: $587,956 Rent Increases: 2.0% Annual Increases BUILDING AREA: 6,391+ Square Feet Annual Rent (Year 1): $576,427 Annual Rent (Year 11): $702,662 LAND AREA: 1.06+ Acres Annual Rent (Year 2): $587,956 Annual Rent (Year 12): $716,715 YEAR RENOVATED: 2014 Annual Rent (Year 3): $599,715 Annual Rent (Year 13): $731,049 LANDLORD RESPONSIBILITY: None Annual Rent (Year 4): $611,709 Annual Rent (Year 14): $745,670 OWNERSHIP: Fee Simple Interest Annual Rent (Year 5): $623,944 Annual Rent (Year 15): $760,584 OCCUPANCY: 100% Annual Rent (Year 6): $636,422 Option 1 (Year 16-20): FMR Annual Rent (Year 7): $649,151 Option 2 (Year 21-25): Opt 1 * 1.02 Annual Rent (Year 8): $662,134 Option 3 (Year 26-30): Opt 2 * 1.02 Annual Rent (Year 9): $675,377 Option 4 (Year 31-35): Opt 3 * 1.02 Tenant overview Annual Rent (Year 10): $688,884 Option 5 (Year 36-40): Opt 4 * 1.02 Guarantor: Corporate FIRST CHOICE EMERGENCY ROOM | www.fcer.com First Choice Emergency Room is based in Lewisville, TX and is the leading freestanding emergency room system; it is both the largest and the oldest. First Choice Emergency Room is revolutionizing the delivery of emergency medical services for adult and pediatric emergencies, both major and minor. First Choice Emergency Room facilities are innovative, freestanding, and fully equipped emergency rooms with state of the art diagnostic technology (CT Scanners, Ultrasound, Digital X-ray) and on-site labs. All First Choice Emergency Room locations are exclusively staffed with board-certified emergency physicians and emergency trained registered nurses. With 55 locations in Houston, Dallas/Fort Worth, Austin, and Colorado Springs, patients receive high-quality care and have an alternative to today’s overburdened hospital system. Inc. Magazine ranked First Choice as one of the fastest growing businesses in the U.S. in 2010, 2011, and 2012. The company was named as one of the 2013 Best Companies to Work for in Texas. The company’s current growth plans are backed by Sterling Partners, which has invested $59 million in the business. First Choice generated $78.2 million in revenue in 2012, up from $37 million in 2008. First Choice was established in 2002 by Dr. Jack Novak, and Thomas S. Hall is the company’s current CEO. First Choice plans to build more Freestanding Emergency Rooms, as stated in 2012. The company has plans to invest over $100 million over the next few years by developing many more facilities. New facilities, within 15 months after opening, generally have historically generated between approximately $4.5 million to $5.5 million in annual net revenue. In the second quarter of 2014, Medical Properties Trust, Inc. (MPT) executed a new binding agreement for an additional $150 million commitment to develop multiple facilities with First Choice’s parent company, Adeptus Health, aggregating $250 million in development funding to Adeptus. Adeptus Health, had $243 million in patient service revenue (fiscal year ended December 2014) and $109 million in patient service revenue for the three month period ended September 30, 2015. 3 AERIAL PHOTO FIRST CHOICE EMERGENCY ROOM 3016 Marina Bay Dr, League City, TX (HOUSTON) NASA Johnson Space Center Former Location Clear Creek High School 4 AERIAL PHOTO FIRST CHOICE EMERGENCY ROOM 3016 Marina Bay Dr, League City, TX (HOUSTON) Corporate Offices Former Location 5 Site plan FIRST CHOICE EMERGENCY ROOM 3016 Marina Bay Dr, League City, TX (HOUSTON) 6 Location overview FIRST CHOICE EMERGENCY ROOM 3016 Marina Bay Dr, League City, TX (HOUSTON) IMMEDIATE TRADE AREA HOUSTON-SUGAR LAND-BAYTOWN METROPOLITAN AREA First Choice Emergency Room is located at the intersection of Marina Bay Dr The Houston-Sugar Land-Baytown Metropolitan Statistical Area (MSA), (15,529 Cars / Day) and S Shore Blvd (11,201 Cars / Day) just south of the colloquially known as Greater Houston, is the 6th largest in the United States NASA Johnson Space Center. Marina Bay Dr is an east-west thoroughfare with a population of 5,946,800. From 2000 to 2030, the metropolitan area is which serves the northern portion of League City and connects the immediate projected by Woods & Poole Economics to rank 5th in the nation in population trade area to I-45, one of Houston’s main transportation corridors.
Load more

Recommended publications
  • Oklahoma Law Enforcement Retirement System, Et Al. V. Adeptus Health Inc., Et Al. 17-CV-00449-Consolidated Class Action Complain
    Case 4:17-cv-00449-ALM Document 108 Filed 11/21/17 Page 1 of 160 PageID #: 2034 UNITED STATES DISTRICT COURT EASTERN DISTRICT OF TEXAS SHERMAN DIVISION OKLAHOMA LAW ENFORCEMENT Case No. 4:17-CV-0449-ALM RETIREMENT SYSTEM, Individually And On Behalf Of All Others Similarly Situated, Judge Amos L. Mazzant, III Plaintiff, JURY TRIAL DEMANDED vs. ADEPTUS HEALTH INC., et al., Defendants. CONSOLIDATED CLASS ACTION COMPLAINT Case 4:17-cv-00449-ALM Document 108 Filed 11/21/17 Page 2 of 160 PageID #: 2035 TABLE OF CONTENTS Page PART ONE I. PRELIMINARY STATEMENT ......................................................................................... 2 II. THE CLAIMS ASSERTED IN THE COMPLAINT ........................................................ 10 III. JURISDICTION AND VENUE ........................................................................................ 11 IV. PARTIES ........................................................................................................................... 11 A. Plaintiffs ................................................................................................................. 11 B. Exchange Act Defendants ...................................................................................... 12 1. The Executive Defendants ........................................................................ 12 2. The Sterling Defendants ........................................................................... 13 C. Non-Party Adeptus ...............................................................................................
    [Show full text]
  • CARROLLTON CITY COUNCIL REGULAR WORKSESSION and MEETING JUNE 17, 2014 the City Council of the City of Carrollton, Texas Convened
    CARROLLTON CITY COUNCIL REGULAR WORKSESSION AND MEETING JUNE 17, 2014 The City Council of the City of Carrollton, Texas convened in a Regular Worksession and Meeting on Tuesday, June 17, 2014 at 5:45 p.m. with the following members present; Mayor Pro Tem Kevin Falconer, Deputy Mayor Pro Tem Bob Garza, Councilmembers Jeff Andonian, Anthony Wilder, Lisa Sutter, Doug Hrbacek and Steve Babick. Mayor Matthew Marchant was absent. Also present were Assistant City Managers Bob Scott and Erin Rinehart, City Attorney Meredith A. Ladd, and City Secretary Ashley D. Mitchell. 5:45 P.M. – COUNCIL BRIEFING ROOM ***PRE-MEETING/EXECUTIVE SESSION *** Mayor Pro Tem Falconer called the meeting to order at 5:45 p.m. Councilmember Andonian arrived at 6:08 p.m. 1. Mayor and Council reports and information sharing. 2. Receive supplemental staff information and responses to questions. *** EXECUTIVE SESSION *** 3. Council convened in Executive Session at 6:24 p.m. pursuant to Texas Government Code: • Section 551.071 for private consultation with the City Attorney to seek legal advice with respect to pending and contemplated litigation and including all matters on this agenda to which the City Attorney has a duty under the Texas Rules of Discipline and Professional conduct regarding confidential communication with the City Council. • Hamrla, et al, v. City • Landfill Application • Section 551.072 to discuss certain matters regarding real property • Downtown Carrollton Acquisitions • Section 551.074 to discuss personnel matters • Section 551.076 to discuss security matters • Section 551.087 to discuss Economic Development 4. Council reconvened in open session at 7:08 p.m.
    [Show full text]
  • Accord Capital Corporation Tulsa, OK Adeptus Health Lewisville, TX
    Accord Capital Corporation Baylor Health Care System Coordinated Health Harris Methodist Fort Worth Health Tulsa, OK Dallas, TX Bethlehem, PA System Fort Worth, TX Baylor Miraca Genetics Laboratories Cornerstone Healthcare Group Adeptus Health Lewisville, TX Houston, TX Dallas, TX Harrisburg Hospital Health Foundation Harrisburg, PA Conscious Community Network Adventist Midwest Health Best In Class Care, Inc. Chicago, IL Hinsdale, IL Chicago, IL Hawaii Healthcare Partners, LLC Honolulu, HI Alliant Health System Blessing Health System Covenant Health System Lubbock, TX Louisville, KY Quincy, IL HCN CILA, Inc. Chicago, IL Alpha Innovative Medical Solutions, LLC CARF Danubuis Hotels and Health Spas Merrillville, IN Tucson, AZ Beverly Hills, CA HealthCaps Partners Dallas, TX Ambulatory Hospitals of America Carolina Medicorp, Inc. Daughters of Charity Houston, TX Winston‐Salem, NC St. Louis, MO HealthSouth Birmingham, AL American Hospital Association Carolinas Health System Dominican Village Severn, MD Chicago, IL Florence, SC Amityville, NY HealthStar Corporation Ancor Holdings, LP Cardonelet Health Systems Dow Chemical Houston, TX Fort Worth, TX Tucson, AZ Joliet, IL Heartland Health Anne Arundel Health System Carrick Capital Partners, LLC Drushell Management Company St. Joseph, MO Annapolis, MD San Francisco, CA Dallas, TX High Plains Baptist Health System Appalachian Regional Health Catholic Charities of Chicago Dubuis Health System Amarillo, TX Lexington, KY Chicago, IL Houston, TX Hillcrest Healthcare System Catholic Health Care South Ardent Health Services Elmhurst Memorial Health Care System Tulsa, OK Nashville, TN Houston, TX Elmhurst, IL Horizon Health Corporation Tulsa, OK Catholic Health Partners/ Mercy Health Ephraim McDowell Health Lewisville, TX Partners Arthur D. Little Decision Resources Danville, KY Burlington, MA Toledo, OH Hospital Partners of America Charlotte, NC Essent Healthcare, Inc.
    [Show full text]
  • Case 4:19-Cv-00371 Document 1 Filed 05/17/19 Page 1 of 27 Pageid #: 1
    Case 4:19-cv-00371 Document 1 Filed 05/17/19 Page 1 of 27 PageID #: 1 UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF TEXAS SHERMAN DIVISION ________________________________________ : DRIVETRAIN, LLC, as Trustee : of the Adeptus Litigation Trust, : Civil Action No. _________________ : : : Plaintiff, : : v. : : THOMAS S. HALL, : JURY TRIAL DEMANDED TIMOTHY L. FIELDING, and : GRAHAM B. CHERRINGTON, : : Defendants. : ________________________________________ ORIGINAL COMPLAINT Drivetrain, LLC, as Trustee (the “Trustee”) of the Adeptus Litigation Trust (the “Trust”), hereby brings this action against Defendants Thomas S. Hall, Timothy L. Fielding, and Graham B. Cherrington (collectively, “Defendants”) and alleges as follows: NATURE OF THE ACTION 1. This action is about breaches of fiduciary duty committed by each of the Defendants in their roles as officers of First Choice ER, LLC (“First Choice”). Through their gross negligence and bad faith, Defendants caused First Choice to pay over $100 million to cover expenses and obligations that it had no responsibility or authority to pay. 2. Until its bankruptcy filing in April 2017, First Choice was the operating entity for the largest network of freestanding emergency rooms in the United States (the “Adeptus Enterprise”). As officers of First Choice, its parents, and its subsidiaries, Defendants owed 1 Case 4:19-cv-00371 Document 1 Filed 05/17/19 Page 2 of 27 PageID #: 2 fiduciary duties to the Adeptus Enterprise, in general, and to First Choice, specifically. These included duties of care, loyalty, and obedience. 3. Despite these duties, each of the Defendants acted with gross negligence and/or bad faith with respect to three different joint ventures that they caused the Adeptus Enterprise to initiate and which they were to manage and oversee.
    [Show full text]
  • 1/2018, Beard, Susan F): Interest in WPP Investments Was Sold in 12/2016
    Annual Report 2018 | U.S. Office of Government Ethics; 5 C.F.R. part 2634 | Form Approved: OMB No. (3209-0001) (January 2018) Executive Branch Personnel Public Financial Disclosure Report (OGE Form 278e) Filer's Information Perry, James Richard Secretary, Department of Energy Report Year: 2018 Other Federal Government Positions Held During the Preceding 12 Months: None Electronic Signature - I certify that the statements I have made in this form are true, complete and correct to the best of my knowledge. /s/ Perry, James Richard [electronically signed on 05/15/2018 by Perry, James Richard in Integrity.gov] Agency Ethics Official's Opinion - On the basis of information contained in this report, I conclude that the filer is in compliance with applicable laws and regulations (subject to any comments below). /s/ Beard, Susan F, Certifying Official [electronically signed on 05/16/2018 by Beard, Susan F in Integrity.gov] Other review conducted by /s/ Beard, Susan F, Ethics Official [electronically signed on 05/16/2018 by Beard, Susan F in Integrity.gov] U.S. Office of Government Ethics Certification Perry, James Richard - Page 1 /s/ Christopher, Dale, Certifying Official [electronically signed on 06/12/2018 by Christopher, Dale in Integrity.gov] Data Revised 06/04/2018 Comments of Reviewing Officials (public annotations): PART # REFERENCE COMMENT N/A N/A General (05/11/2018, Beard, Susan F): Interest in WPP Investments was sold in 12/2016 Perry, James Richard - Page 2 1. Filer's Positions Held Outside United States Government # ORGANIZATION NAME CITY, STATE ORGANIZATION POSITION HELD FROM TO TYPE 1 ARP Holdings See Endnote Austin, Texas Corporation Manager 2/2015 5/2018 2.
    [Show full text]
  • June 22, 2016 MASSACHUSETTS ANNOUNCES PLANS for 1115 WAIVER RENEWAL and AMENDMENTS in FOCUS THIS WEEK
    June 22, 2016 THIS WEEK IN FOCUS: MASSACHUSETTS 1115 WAIVER RENEWAL, AMENDMENTS KENTUCKY MEDICAID REFORM PLAN, WAIVER APPLICATION POSTED FOR PUBLIC COMMENT ALASKA GOV. SIGNS MEDICAID REFORM BILL KANSAS ELIGIBILITY DETERMINATION BACKLOG LARGER THAN PREVIOUSLY ESTIMATED MARYLAND TO OFFER SAVINGS ACCOUNTS FOR INDIVIDUALS WITH DISABILITIES NEW JERSEY PRESENTS 1115 WAIVER RENEWAL DETAILS WISCONSIN HEALTH SECRETARY PASSES AWAY ASPE FINDS MEDICAID EXPANSION INCREASES ACCESS TO CARE HOUSE REPUBLICANS PROPOSE PLAN TO REPLACE ACA 30-PLUS SPEAKERS SLATED FOR HMA CONFERENCE ON INTEGRATED CARE DELIVERY RFP CALENDAR IN FOCUS DUAL ELIGIBLES CALENDAR MASSACHUSETTS ANNOUNCES PLANS FOR HMA NEWS 1115 WAIVER RENEWAL AND AMENDMENTS This week, our In Focus section reviews the Massachusetts Executive Office of Edited by: Health and Human Services (EOHHS) announcement and call for public Greg Nersessian, CFA Email comments on a proposal to renew and amend the state’s existing Section 1115 Demonstration waiver. Massachusetts’ current Delivery System Reform Andrew Fairgrieve Investment Program (DSRIP) waiver is authorized through June 30, 2019, but a Email Alona Nenko key portion of the 1115 demonstration, the Safety Net Care Pool (SNCP), is Email authorized only through June 30, 2017. Massachusetts proposes to begin the Julia Scully five-year extension of the entire demonstration starting July 1, 2017. The Email proposed waiver implementation process includes the implementation of Medicaid Accountable Care Organizations (ACOs), a reprocurement of existing June 22, 2016 Medicaid managed care organizations (MCOs), and greater integration of physical health, behavioral health, and long-term services and supports (LTSS). Public comments on the waiver renewal will be accepted through July 17, 2016.
    [Show full text]
  • Medical Properties Trust, Inc. Describes Plans for Restructuring of Adeptus Health, Inc
    Medical Properties Trust, Inc. Describes Plans for Restructuring of Adeptus Health, Inc. Leases April 4, 2017 Deerfield Management Company L.P. Managed Funds to Recapitalize Adeptus and MPT Master Leases to be Assumed Louisiana Facilities Re-Leased Directly to Ochsner Clinic Foundation BIRMINGHAM, Ala.--(BUSINESS WIRE)--Apr. 4, 2017-- Medical Properties Trust, Inc. (NYSE: MPW) announced today that its operating partnership, MPT Operating Partnership, L.P. (“MPT” or the “Company”) on behalf of itself and certain of its affiliates has agreed in principle with Deerfield Management Company, L.P. on behalf of itself and certain affiliates (collectively, “Deerfield”) to the restructuring in bankruptcy of Adeptus Health, Inc., including the assumption of MPT’s master leases of facilities in Texas, Colorado, Arizona and Ohio. Deerfield, a premier healthcare-only investment firm with over $8.0 billion under management, has purchased Adeptus’ outstanding bank debt and expects to provide additional financing, along with operational and managerial support, to Adeptus pursuant to an anticipated Chapter 11 bankruptcy process. The agreement between MPT and Deerfield provides for the pre-bankruptcy payment of 100% of April rent, assumption of approximately 80% of the master leased facilities at current rental rates, re-leasing of approximately 5% of the facilities to the former Louisiana venture partner and the sale or re-leasing of certain Texas facilities to new operators. MPT will provide a one-time rental credit of approximately $3.1 million during the 12 months commencing upon bankruptcy exit. “We are very pleased, but not surprised, at the number of sophisticated and well capitalized investors and operators that have been attracted to our market-dominant portfolio of free-standing emergency facilities,” said Edward K.
    [Show full text]
  • Dignity Health to Open New Freestanding Emergency Room in Glendale
    Dignity Health to Open New Freestanding Emergency Room in Glendale, Arizona Dignity Health Arizona General Hospital Emergency Room – Glendale to Open July, 2015 Phoenix, AZ (PRWEB) June 23, 2015 -- Dignity Health announced it is opening a new freestanding emergency room in Glendale, Arizona. The new facility is licensed under Dignity Health Arizona General Hospital, which opened earlier this year in the West Valley. Linda Hunt, President and CEO of Dignity Health in Arizona, said that the new facility will complement Dignity Health’s existing hospitals’ emergency departments. “We are focused on providing patients with the best and easiest access to care of any health care system in Arizona and this new facility will help achieve that goal.” The Dignity Health Arizona General Hospital Emergency Room will be a full-service emergency room, licensed by the state, and open 24-7. The new facility will be staffed by board-certified physicians, emergency trained registered nurses and radiology technologists and equipped with a full radiology suite and an accredited laboratory. Additionally the new emergency room will have full access to Dignity Health’s network of physicians and specialists. “We are pleased to announce we are opening our second freestanding emergency room in the Phoenix area and look forward to providing Glendale residents with access to high quality emergency medical care,” said Robert “Bob” Honeycutt, President and CEO of Dignity Health Arizona General Hospital. The new Dignity Health Arizona General Hospital Emergency Room in Glendale is located at 5171 West Olive Ave, Glendale, AZ 85302. For more information, visit www.azgeneraler.com. ### About Dignity Health, Arizona Service Area Dignity Health in Arizona includes five outstanding hospitals – Chandler Regional Medical Center, Mercy Gilbert Medical Center, St.
    [Show full text]
  • THE LEARNING HEALTH SYSTEM SERIES Winter 2018 Update
    NAM EXECUTIVE LEADERSHIP NETWORK FOR A CONTINUOUSLY LEARNING HEALTH SYTEM Winter 2018 Update Colleagues: Thanks to all involved in the Executive Leadership Network for a Continuously Learning Health System (ELN). The ELN operates under the auspices of the Value Incentives and Systems Innovation Collaborative (VISIC) of the National Academy of Medicine (NAM) Leadership Consortium for a Value and Science-Driven Health System. The ELN is a virtual network that works to establish the capacity, infrastructure, and culture necessary to drive continuous learning and improvement within and across health care delivery systems. NAM MEETINGS OF INTEREST TO NETWORK PARTICIPANTS Leadership Consortium Members Meeting—focus: a virtual health data trust: a core utility for continuous health learning (September 14, 2017; summary). Vital Signs Core Metrics Webinar on Reducing Measurement Burden Webinar—focus: the current state of health care quality metric reporting and opportunities for refinement and advancement (October 26, 2017; event page). Digital Learning Collaborative—focus: artificial intelligence and the future of continuous health learning and improvement (November 30, 2017; summary). Care Culture and Decision-Making Innovation Collaborative—focus: integration of health care and social services to meet the goals and needs of individuals coping with complex care needs (December 7, 2017; summary). NAM Action Collaborative on Clinician Well-Being and Resilience—focus: establishing clinician well-being as a national priority (December 15, 2017; event page). Value Incentives and Systems Innovation Collaborative—focus: a roadmap for moving from fee-for-service to fee-for-value and population health (December 18, 2017; event page). Clinical Effectiveness Research Innovation Collaborative—focus: oversight and consent practices for learning activities embedded in health systems, practices, and health plans that aim to provide evidence for care improvement (January 25, 2018; event page).
    [Show full text]
  • United States District Court Eastern District of Texas Tyler Division
    Case 6:16-cv-01243-RWS Document 1-1 Filed 10/27/16 Page 1 of 38 PageID #: 2 UNITED STATES DISTRICT COURT EASTERN DISTRICT OF TEXAS TYLER DIVISION OKLAHOMA LAW ENFORCEMENT § RETIREMENT SYSTEM, Individually and on § Behalf of All Others Similarly Situated, § § Plaintiff, § § vs. § Civil Action No. 6:15-cv-1243 § ADEPTUS HEALTH INC., THOMAS S. § HALL, TIMOTHY L. FIELDING, RICHARD § COVERT, DANIEL W. ROSENBERG, § GREGORY W. SCOTT, RONALD L. § TAYLOR, JEFFERY S. VENDER, STEVEN § V. NAPOLITANO, STEPHEN M. § MENGERT, STERLING PARTNERS, § GOLDMAN, SACHS & CO., AND MERRILL § LYNCH, PIERCE, FENNER & SMITH § INCORPORATED, § § Defendants. § § § COMPLAINT FOR VIOLATIONS OF THE FEDERAL SECURITIES LAWS Case 6:16-cv-01243-RWS Document 1-1 Filed 10/27/16 Page 2 of 38 PageID #: 3 Plaintiff Oklahoma Law Enforcement Retirement System (“Plaintiff”) makes the following allegations based upon the investigation of Plaintiff’s counsel, which includes a review of United States Securities and Exchange Commission (“SEC”) filings by Adeptus Health Inc. (“Adeptus Health” or the “Company”), as well as securities analysts’ reports and advisories about the Company, press releases, media reports and other public statements issued by or about the Company. Plaintiff believes that substantial additional evidentiary support will exist for the allegations set forth herein after a reasonable opportunity for discovery. NATURE OF THE ACTION 1. This is a federal securities class action on behalf of all persons who purchased the Class A common shares (hereinafter the “common shares”
    [Show full text]
  • VMG's Health Care Transactions and M&A Report: 2016 Trends and 2017 Expectations
    VMG Health VMG’s Health Care Transactions and M&A Report: 2016 Trends and 2017 Expectations John Meindl, CFA, VMG Health [email protected] Winston Smart, VMG Health [email protected] ealth care M&A activity continued its half-decade long In 2016, VMG observed a decrease in valuation multiples growth trend in 2016. Though the dollar value of total with median total invested capital (TIC) to trailing twelve month Hdeals decreased relative to 2015 due to a spike in managed (TTM) earnings before interest, taxes, depreciation, and amor- care megadeals in 2015, when excluding 2015, the dollar value of tization (EBITDA) (TIC/TTM EBITDA) declining from 6.7x in deals has continued to increase annually since 2012. The increase 2015 to 6.5x in 2016. Despite the decline in median multiples, in both volume and value of health care M&A activity is driven over the same period, we observed a wider dispersion in TIC/ by changing technology, an aging population, an increase in the EBITDA multiples with the top transaction multiples (i.e., those number of insured people through the Patient Protection and in the 75th percentile and above) increasing from greater than Affordable Care Act (ACA), and the implementation of value- 7.2x in 2015 to greater than 7.8x in 2016. based payments and alternative payment models. Taken together, these factors have driven providers to consolidate in an effort to Table 1: VMG Observed ASC Multiples take advantage of the economies of scale necessary to meet the goals of the “triple aim,” namely, increase service offerings and TIC / EBITDA 2014 2015 2016 access to care, decrease cost, and improve the quality of care.
    [Show full text]
  • Emergency Medicine Advocacy Handbook, 5Th Edition, Furthering the Tradition of Promoting This and Other EMRA Activities
    5th Edition Editors-in-Chief Hon. Nathaniel Schlicher, MD, JD, MBA, FACEP EMRA Legislative Advisor, 2008–2010 Associate Director, TeamHealth Litigation Support Program Regional Director of Quality Assurance, CHI Franciscan Health Emergency Departments Past President, Washington Chapter of ACEP 1st Vice President, Washington State Medical Association Alison Haddock, MD, FACEP EMRA Legislative Advisor, 2010–2012 Director of Health Policy: Advocacy Assistant Professor, Baylor College of Medicine Division of Emergency Medicine ACEP Board of Directors Associate Editor Rachel Solnick, MD, MSc EMRA Legislative Director, 2016–2018 Yale Emergency Medicine Residency National Clinical Scholars Program Research Fellow University of Michigan EMRA Board of Directors Omar Maniya, MD, MBA, President Hannah Hughes, MD, MBA, President-Elect Zach Jarou, MD, Immediate Past President Tommy Eales, DO, Secretary/Editor, EM Resident Nathan Vafaie, MD, MBA, Speaker of the Council Karina Sanchez, MD, Vice-Speaker of the Council Erik Blutinger, MD, MSc, Resident Representative to ACEP Sara Paradise, MD, Director of Education Angela Cai, MD, MBA, Director of Health Policy Greg Tanquary, DO, MBA, Director of Membership Nick Salerno, MD, Director of Technology Eric McDonald, MD, ACGME RC-EM Liaison Scott Pasichow, MD, MPH, EMRA Representative to AMA Venkat Subramanyam, MD, Ex-Officio Board Member Corey McNeilly, MA, Medical Student Council Chair Disclaimer The statements and opinions expressed in this book should not be construed as EMRA policy unless specifically referred to as such. EMRA and all sponsoring organizations disclaim any liability or responsibility for the consequences or any actions taken in reliance on those statements or opinions. The materials contained herein are not intended to establish policy or procedure.
    [Show full text]