Northeast Tennessee Emergency Physicians, PC
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Northeast Tennessee Emergency Physicians, PC - overview
Established
1985
Location
Kingsport, TN, US
Primary Industry
Healthcare
About
Northeast Tennessee Emergency Physicians provides essential emergency medical services in Tennessee, ensuring rapid and effective care 24/7, delivered by highly trained, board-certified medical professionals. Founded in 1985 in Kingsport, US, Northeast Tennessee Emergency Physicians specializes in emergency medicine. The company was acquired by American Physician Partners, LLC, a portfolio company of BBH Capital Partners, in March 2018. The firm has completed one deal since its inception.
Northeast Tennessee Emergency Physicians (NETEP) offers comprehensive emergency medical services across multiple locations including Johnson City, Kingsport, Bristol, and Elizabethton, Tennessee. Their core service involves 24/7 emergency care delivered by board-certified emergency medicine physicians supported by highly trained clinical staff. NETEP addresses a wide range of medical emergencies, including acute illnesses, trauma, cardiovascular crises, and life-threatening conditions, utilizing advanced diagnostic technologies such as CT and MRI scans, ultrasound imaging, and on-site laboratory testing. The company serves a diverse patient demographic, including pediatric, adolescent, adult, and geriatric populations, ensuring high-quality and compassionate care tailored to the needs of each individual.
Their services are strategically designed to alleviate critical health situations, underscoring their commitment to delivering rapid and effective medical response in Northeast Tennessee and the surrounding regions. Information regarding the revenue model of Northeast Tennessee Emergency Physicians is not disclosed; however, the company operates through a direct-to-consumer structure by providing emergency medical services billed to patients or their insurance providers upon service delivery. Transactions occur in real-time, as patients receive immediate care for acute medical needs, followed by the submission of claims for reimbursement, reflecting the urgent nature of their service offerings. The emphasis on efficient care delivery and reduced wait times positions NETEP as a trusted provider in emergency medicine, facilitating a consistent flow of patient interactions.
This operational framework supports their ongoing partnerships with local EMS, fire departments, and hospitals, reinforcing their role as a critical healthcare provider in the region. Following its acquisition in March 2018, Northeast Tennessee Emergency Physicians plans to leverage its new partnership to enhance service offerings and expand its market footprint. The company is assessing opportunities to introduce innovative emergency care programs and is considering expansion into additional regions in Tennessee to meet growing healthcare demands. Specific plans for new services or geographic targets have not been detailed, but the acquisition's strategic rationale suggests a focus on strengthening operational capabilities and broadening patient access to critical care.
Current Investors
American Physician Partners, LLC
Primary Industry
Healthcare
Sub Industries
Hospitals
Website
www.netep.org
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Northeast Tennessee Emergency Physicians, PC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Northeast Tennessee Emergency Physicians, PC | - |
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