Alteon Health is a leading provider of outsourced healthcare practice management services to emergency departments, hospitalist programs, and hospital-based urgent care centers. Headquartered in Houston, TX, Alteon provides services to more than 125 hospital programs across the United States. The company supports the highest quality healthcare delivery through patient-focused care, physician-led innovation, data-driven practices, and best-in-class healthcare partnerships.
New Mountain formed Alteon Health by partnering with Emergency Medicine Associates (“EMA”) and Island Medical (“IMM”). NMC first entered into a dialogue with IMM in 2015 and, following five months of exclusive due diligence outside of an auction process, completed the acquisition in September 2016. Island was owned by its founder, CEO, and the rest of the management team, who collectively chose NMC to be their partner due to NMC’s business building strategy and conservative investment approach. While New Mountain acquired a controlling interest in Island Medical, the firm’s founder and management team maintain a significant investment in the new entity. Soon after close, New Mountain entered into discussions with EMA, the largest provider of outsourced emergency department staffing and management services in the Washington, D.C., metro area. EMA’s 42 partners elected to partner with Island Medical, and also contributed equity into the combined company upon close in May 2017. Following the merger the company was rebranded as Alteon Health, and is a top-6 player in the space.