PhyMed Management, LLC, the management services company to Anesthesia Medical Group, P.C. (AMG), a Nashville, Tenn.-based provider of outsourced anesthesia, interventional pain management and other complementary services to hospitals and surgery centers, has received an investment from Denver-based private equity firm Excellere Partners.
The amount of the funding was not disclosed.
Formed in 1994 and led by David Whitten, CEO, AMG is a large providers of anesthesia services in the U.S., with more than 60 physicians and 200 certified registered nurse anesthetists (CRNA), serving medical facilities within Tennessee.
The company intends to use the proceeds from the investment to grow organically and through strategic acquisitions. AMG will further strengthen its presence, both in Tennessee and in other geographies by acquiring other anesthesia practices and expanding its service offerings within its customer base.