Houlihan Lokey Advises Grand Canyon Anesthesia

Houlihan Lokey is pleased to announce that Grand Canyon Anesthesia (GCA) has completed a transaction with PhyMed Healthcare Group (PhyMed). The transaction closed on November 13, 2018.

Founded in 2009, GCA currently operates across the Phoenix Valley, providing anesthesia services to both inpatient, outpatient and office-based healthcare partners with a team of over 65 physician anesthesiologists and certified registered nurse anesthetists.

Headquartered in Nashville, Tennessee, PhyMed is a physician-led and owned anesthesia services leader with a focus on redefining perioperative partnerships. Affiliated clinicians create positive patient interactions before, during, and after surgery as a trusted partner to healthcare systems, ambulatory surgery centers, and office-based anesthesia with over 900 affiliated clinicians nationwide.

PhyMed’s primary investor is the Ontario Teachers' Pension Plan, Canada's largest single-profession pension plan with C$193.9 billion in net assets on June 30, 2018. The defined-benefit plan, which is fully funded, invests and administers the pensions of the province of Ontario's 323,000 active and retired teachers.

Houlihan Lokey served as the exclusive financial advisor to GCA. This transaction further strengthens Houlihan Lokey's leadership position in the physician practice management and multisite healthcare sectors, where Houlihan Lokey has advised on approximately $8 billion in transaction enterprise value over the last three years. Houlihan Lokey's Healthcare Group is among the largest dedicated healthcare investment banking groups in the country. In 2017, the group closed 21 transactions and was ranked the No. 1 advisor for U.S. healthcare M&A transactions under $1 billion by Thomson Reuters. Houlihan Lokey's Healthcare Group has closed more than 300 M&A healthcare transactions since inception.