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BGL Facilitates Salinas Valley Memorial Healthcare System’s Acquisition

December 04, 2015, 07:49 AM

Brown Gibbons Lang & Company (BGL)announced that Salinas Valley Memorial Healthcare System (SVMHS) has acquired Salinas Valley PrimeCare Medical Group (PrimeCare). BGL advised Salinas Valley Memorial in the transaction.

Located south of San Francisco on the central coast, PrimeCare is the largest primary care/specialty medical group in the Salinas Valley, providing care to more than 40,000 residents each year. PrimeCare's footprint includes two primary care locations, an urgent care center, and a full service diagnostic laboratory.

This strategic transaction strengthens Salinas Valley Memorial's reach through the acquisition of 20 physician providers and the expansion of its urgent care platform, Doctors on Duty.

Salinas Valley Memorial Healthcare System is an integrated network of healthcare programs, services, and facilities that serves thousands of people throughout Monterey County each year. Opened in 1953, Salinas Valley Memorial Hospital, a Public District Hospital, is the cornerstone facility of the Healthcare System.  The hospital is a 269-bed, multi-specialty, acute care hospital and has a Medical Staff of 300 board-certified physicians across a range of specialties.

Brown Gibbons Lang & Company is a leading independent investment bank serving the middle market. BGL specializes in mergers and acquisitions advisory services, debt and equity placements, financial restructuring advice, and valuations and fairness opinions, with global industry teams in consumer products & retail services, environmental & energy services, healthcare & life sciences, human capital management outsourcing, industrials, and real estate.

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