Sound Inpatient Physicians, Inc.

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Sound Inpatient Physicians, Inc. - overview

Established

2001

Location

Tacoma, WA, US

Primary Industry

Healthcare

About

Sound Inpatient Physicians, Inc. is a US-based healthcare organization specializing in delivering comprehensive clinical solutions to enhance hospital operations and patient care through tailored services and innovative strategies. Founded in 2001 in Tacoma, US, Sound Inpatient Physicians, Inc. provides integrated clinical services, including Emergency Medicine and Telemedicine.


In April 2018, a consortium led by Summit Partners acquired a controlling stake for USD 2. 15 bn, enhancing the company's financial stability and operational reach. The company was co-founded by Kristy Gee, Robert Bessler, and Shae Riley, and is currently led by CEO Brendan McNamara. Sound Physicians specializes in comprehensive healthcare solutions tailored to hospitals and healthcare systems.


Their core services include Emergency Medicine, Hospital Medicine, Critical Care, Anesthesia, Telemedicine, and Accountable Care. These offerings aim to optimize patient care and operational efficiency, addressing staffing challenges and improving patient outcomes across various healthcare facilities in the United States. In 2017, Sound Physicians reported a revenue of USD 1,362. 50 mn, generated through partnerships with healthcare providers.


Their revenue model relies on fee-for-service agreements and contractual arrangements that may include performance-based incentives, primarily serving large healthcare institutions. Following the acquisition in April 2018, Sound Inpatient Physicians aims to leverage its strengthened financial position to enhance service offerings and expand its geographical presence. The company is focused on entering new markets by 2020, targeting regions where the demand for integrated clinical services is growing. The funds acquired will support the development and launch of new clinical solutions, enabling the company to align closely with hospitals and payers, thus fostering improved patient care and operational efficiencies.


Current Investors

Summit Partners, Athyrium Capital Management, OptumHealth

Primary Industry

Healthcare

Sub Industries

Hospitals

Website

www.soundphysicians.com

Total Amount Raised

Subscriber access only

Sound Inpatient Physicians, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedThe Alaska Hospitalist Group, LLC. -
Add-onCompletedSouthwest Pulmonary Associates, LLP-
Corporate Carve OutCompletedSound Inpatient Physicians, Inc.-
Unspecified ExitCompletedSound Inpatient Physicians, Inc.-
Trade SaleCompletedHospitalists Management Group-

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