You are here:Home1/casestudy2/PROVIDER NETWORK SOLUTIONS
PROVIDER NETWORK SOLUTIONS
Background: Provider Network Solutions (“PNS”), based in Miami, FL, is a leading value-based care MSO, managing 3.5 million lives with over 2,000 specialty providers, committed to improving quality care with networks of providers in dermatology, orthopedics, podiatry, and pain management.
Cassel Salpeter:
Served as financial advisor to the company
Conducted a robust process to identify the ideal strategic partner for PNS to achieve its next-level growth objectives
Maximized the value of assets contributed to the joint venture while optimizing the value of the assets not involved in the transaction
Challenges:
Managing the unique requirements of a joint venture, wherein PNS carved-out and contributed its three musculoskeletal networks (orthopedics, podiatry, and pain management) to the joint venture
Creating a roadmap for the various agreements covering personnel, administration, and services for the joint venture
Outcome: In September 2023, PNS and Healthcare Outcomes Performance Company (“HOPCo”) created a joint venture that acquired PNS’s musculoskeletal networks. The new venture, named HOPCo Network Solutions, is an innovative value-based care platform managing networks in Florida of over 1,100 specialty providers and 1.8 million lives.