Sound Physicians

active

Healthcare — Summit Partners / Shore Capital

Deal Terms

Entry Year2018

Entry EV$1.8B

Entry Multiple12x

Leverage5.5x

Debt Amount$0.99B

Risk Metrics

LTV (est.)55%

Debt / EV0.55x

Notes

PE-backed hospitalist staffing group. 400+ hospitals, 4,000+ clinicians. Affected by No Surprises Act like TeamHealth/Envision. Revenue model dependent on out-of-network billing. Multiple PE ownership transitions since founding.

Sponsor

Partners Group$185B AUM