Onex affiliate closes acquisition of Hospital Physician Partners
Canadian private equity firm Onex Corp has wrapped up its previously-announced purchase of Hospital Physician Partners (HPP), a U.S.-based provider of emergency and hospital medicine clinical staffing services. The acquisition was made by Schumacher Group, which operates in the same sector as HPP and was bought by Onex earlier this month. Onex currently holds a 71 percent interest in Schumacher. The investment in HPP was funded by incremental debt and equity from various parties, with Onex contributing US$105 million. Established in 2002, the company has its headquarters in Hollywood, Florida.
26 August 2015•2 mins read
