“It was a great privilege to have represented Riverside in this important transaction. Riverside’s combination of talent, reputation, professionalism and long-term presence in California the market made it the ideal partner for UHS as they continue their expansion strategy through targeted acquisitions. Partnership with the UHS team will allow Riverside to continue their impressive growth path while maintaining their unique commitment to providers and patients, “noted Rebecca Leiba, CEO of Provident.
“It was a pleasure working with the management team at Riverside Medical Clinic, a leading provider of multi-specialty care in Southern California market. We wish RMC all the best in their new partnership with UHS, “commented Rich Sciretta, Vice President of Provident.
About Riverside Medical Clinic
Riverside Medical Clinic offers health solutions to families by providing legendary care built on the foundation of overall well-being. When the RMC was launched in 1935 within the rotunda of the famous Mission Inn, the clinic demonstrated a far-sighted approach to medicine. Dr. Ray McCarty and Dr. Philip Corr formed an innovative multi-specialty clinic based on a collaborative medical system. RMC continues to honor their tradition of progress and innovation, especially as Inland Empire’s largest private outpatient care provider. The multi-specialist clinic has grown to seven locations, state-of-the-art outpatient surgical centers, four acute centers, laboratories and a comprehensive center for imaging and nuclear medicine. For more information, visit www.riversidemedicalclinic.com.
About Universal Health Services
One of the nation’s largest and most respected providers of hospital and healthcare services, Universal Health Services, Inc. has built an impressive record of performance and performance. With headquarters in King of Prussia, PA, UHS has 89,000 employees and operates through its subsidiaries 26 emergency hospitals, 334 behavioral medical facilities, 39 outpatient facilities and outpatient access points, an insurance provider, a medical network and various related services located in 39 US states, Washington DC, Puerto Rico and The United Kingdom. It acts as an advisor to the Universal Health Realty Income Trust, a real estate investment fund (NYSE: UHT). Visit https://www.uhs.com/ for more information.
About Provident Healthcare Partners
Provident is a leading investment banking firm in the healthcare sector specializing in merger and acquisition consulting, strategic planning and capital formation for healthcare companies. The company has extensive knowledge of market sectors and specialties, including multi-specialty medical services. Provident also has unmatched experience and insight into the M&A process, which includes collaborating with a number of buyers such as private equity firms and strategic consolidators. For more information, visit www.providenthp.com or follow on LinkedIn.
Provident Healthcare Partners
SOURCE Provident Healthcare Partners LLC