Emergency medicine management company American Physician Partners is closing and planning to transition its hospital contracts, according to a July 17 report from Bloomberg.
Brentwood, Tenn.-based APP was founded in 2015 as a portfolio company of Brown Brothers Harriman Capital Partners. It provided emergency medicine and hospital medicine management services to more than 150 hospitals and health systems organizations in 18 states, according to its website.
"Due to our ongoing financial challenges and despite our best efforts, American Physician Partners will begin transitioning service of its hospital and system partners as of July 31, 2023," a company representative said in a statement to Bloomberg.
Read more about the closure here.