Atlanta Medical Associates
Founded in 1927, Atlanta Medical Associates was the largest multi-specialty physician practice in the Atlanta metro-area, with more than 50 physicians and 400 employees.
Due to the spread of managed care in the Southeastern U.S. and the prevailing wave of physician practice consolidation, Atlanta Medical Associates sought a strategic partner that would provide liquidity to its physician owners and obtain access to professional management.
Atlanta Medical Associates entered into a long-term affiliation agreement with Caremark International (NYSE: CK) under which Caremark will manage the business operations of AMA. Caremark also acquired the assets of the practice. At the time of the transaction, Caremark was a leading provider of patient services through health care networks specializing in managed care. These services included physician practice management, pharmaceutical services, disease state management and international operations. A principal of Carter Morse & Mathias served as the Company's exclusive financial advisor in the transaction.