PE-backed Eventus WholeHealth acquires Doctors Making Housecalls

Submitted 11/11/2020 - 10:43am

Eventus WholeHealth (Eventus), a private equity-backed full-service, physician-led provider of interdisciplinary healthcare to individuals residing in skilled nursing and assisted living facilities, has acquired Doctors Making Housecalls (DMHC), a home-based primary care provider that makes more than 160,000 house-calls to patients each year.  

The merged multi-specialty group practice will have a total of over 550 clinicians and employees providing integrated primary care, specialty care, and behavioural health services to more than 27,500 patients in long-term care facilities as well as those still living at home, and will be the largest healthcare provider to senior residents living in assisted living facilities in North Carolina.

 
“Doctors Making Housecalls has created a model of care that is proactive, patient-centered, and prevention-oriented and, for the elderly and more high-risk patient populations, this helps reduce costly hospitalisations and burden on the healthcare system,” Eventus’ CEO Grace Terrell, MD said. “By joining two successful organisations, we will create one company better prepared to meet the increasing needs of our medically vulnerable patients no matter where they reside.”
 
Established in 2002 by husband and wife team Alan Kronhaus, MD and Shohreh Taavoni, MD, DMHC has grown from a two-physician practice to a multi-specialty group of 130 physicians, physician assistants, and nurse practitioners in North Carolina. DMHC is responsible for pioneering the idea of taking medical care to where the patients live. The model improves the quality of care and reduces costs by practicing “proactive primary care” by visiting patients often and in-depth to diagnose and treat problems before they become medical crises.
 
Dr Kronhaus, CEO of DMHC, says “The combination of DMHC and Eventus helps accomplish our vision of creating a practice model that is geographically dispersed and centrally managed that can serve a much larger geographic area and patient population. It will enable us to provide better care at a lower cost to a much greater number of people who need and appreciate our help. We embrace this next step in the evolution of this vision, and look forward to being a part of Eventus.
 
“We are excited to welcome DHMC to the Eventus platform, and by extension, the Enhanced Healthcare Partners’ portfolio,” says Matthew Thompson, Partner at EHP. “This is a bold step that reflects our ongoing commitment to Eventus’ strategic growth and development plans.”  

The combined entities will begin joint operations as Eventus WholeHealth immediately; Dr Kronhaus will join the Eventus board, and Dr Taavoni will continue in a key leadership role in the merged business by mentoring and educating the next generation of home-visit clinicians.
 

Tags Deals & Transactions Acquisitions