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Adeptus Health

Full company profile

uuid0005zjo

Namestring
Adeptus Health
Legal namestring
Adeptus Health
Websiteurl
adhc.com
Company typeenum
Private
Founded yearint
2002
Descriptiontext

Adeptus Health was a U.S. healthcare organization that operated a network of freestanding emergency rooms, providing emergency medical care to patients in markets where its facilities were located. The company also maintained partnerships with healthcare systems, positioning itself as an alternative channel to hospital-based emergency departments. Founded in 2002 and headquartered in Lewisville, Texas, Adeptus scaled to a workforce of 1,001–5,000 employees and was historically publicly traded on the NYSE under ticker ADPT before being delisted.

The company's capital history includes three disclosed funding rounds totaling approximately $459.7 million: a $175 million raise in October 2015, a $27 million round in November 2016, and a $257.7 million Deerfield-led financing in October 2017. The 2017 round, more than nine times the size of the 2016 round, is most plausibly read as a recapitalization event in the lead-up to the company's delisting rather than a routine growth-stage capital raise. Leadership of record comprises Gregory W. Scott as Executive Chairman, Frank R. Williams as President & CEO, and James Hopwood as Executive Vice President & CFO.

The most current observable state of the company is distressed or wound down: the primary corporate domain (adhc.com) is a parked landing page on Afternic/GoDaddy with no business content, and the company is delisted from public markets. The input data does not contain a current revenue figure, an operating-status confirmation, an ownership or parent-company identification, or any post-2017 strategic disclosures, leaving the entity's present operating condition materially under-documented.

Short descriptiontext

Adeptus Health operated a network of freestanding emergency rooms in the United States, providing localized emergency medical care. Founded in 2002 and headquartered in Lewisville, Texas, the company was previously publicly traded on NYSE under ticker ADPT before being delisted.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersLewisville, United States
HQ citystring
Lewisville
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
emergency medical services, freestanding emergency rooms, urgent care services, emergency healthcare, acute care facilities
Industry3 codes
1Hospital-Based Emergency Departments (EDs)
CodeHLAFADAAPrimaryYes
2Hospital-Operated Urgent Care Centers
CodeHLAFADACPrimaryNo
3Observation & Short-Stay Emergency Units (ED Observation Units)
CodeHLAFADAKPrimaryNo
NAICS code2 codes
  • Freestanding Ambulatory Surgical and Emergency Centers621493
  • Offices of Physicians62111
SIC code1 code
  • Services-Offices & Clinics Of Doctors Of Medicine8011
Product category
Emergency Medical Services
Social media profiles2 records
Cost components5 values
Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D
GTM typeB2C
B2C
Offering typeServices
Services
Core offering1 text field

Adeptus Health operates a network of freestanding emergency rooms delivering emergency medical care to patients. The organization also leverages partnerships to extend its emergency care services. Founded in 2002 and headquartered in Lewisville, Texas, the company employs 1,001-5,000 people.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

No information about Adeptus Health's product or service offering is available in the source data. The source only contains a domain parking page (adhc.com) on Afternic/GoDaddy indicating the domain may be available for sale.

Product and service3 records
1Freestanding Emergency Rooms
2Emergency Medical Care Services
3Healthcare Partnerships
Recent move4 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight2 records

Each record includes

Type, Description

Peers10 records
1Envision Healthcare
TypeDirect peer
Description

One of the largest US providers of emergency medicine, anesthesiology, and hospitalist services; directly comparable to Adeptus Health's emergency-care delivery model and multi-site clinical footprint.

2US Acute Care Solutions
TypeDirect peer
Description

Physician-owned emergency medicine, hospitalist, and observation-staffing group operating across numerous US hospitals; directly comparable as a clinician-led emergency-care platform serving similar patient populations.

3TeamHealth
TypeDirect peer
Description

National clinician services organization providing emergency medicine, hospitalist, and specialty staffing; directly comparable to Adeptus Health in both the emergency-care service line and multi-state facility footprint.

4American Physician Partners
TypeDirect peer
Description

Emergency medicine and hospital medicine management group operating across multiple US states; directly comparable as an emergency-department-focused clinical services operator.

5HCA Healthcare
TypeBroad incumbent
Description

Largest US for-profit hospital operator with extensive emergency department networks; broadly comparable as a scale incumbent competing for the same emergency-care patient demand that Adeptus Health targeted.

6Tenet Healthcare
TypeBroad incumbent
Description

Multi-state for-profit hospital system with significant emergency department volume and ambulatory operations; broadly comparable as a large incumbent serving the same emergency-care demand pool.

7Universal Health Services
TypeBroad incumbent
Description

Large acute-care and behavioral health hospital operator with substantial emergency department presence; broadly comparable as a diversified incumbent in the emergency-care delivery space.

8Surgery Partners
TypeEmerging player
Description

Operator of ambulatory surgical facilities and short-stay surgical hospitals; comparable as a multi-site outpatient healthcare delivery platform competing for the same value-based, lower-cost-care demand as freestanding ERs.

9CityMD / Summit Health
TypeEmerging player
Description

Large urgent-care and primary-care platform that overlaps with the convenient, lower-acuity care demand that drove the freestanding ER model; partially comparable as an alternative site-of-care competitor.

10Fresenius Medical Care
TypeOthers
Description

Large-scale US outpatient healthcare services operator; adjacent peer useful for sizing outpatient healthcare delivery economics rather than direct emergency-care competition.

Market position
Strengths3 records

Each record includes

Headline, Details, Source

Weaknesses3 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights5 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles3 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds3 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors1 record

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Adeptus Health

Emergency Medical Servicesadhc.com

Adeptus Health operated a network of freestanding emergency rooms in the United States, providing localized emergency medical care. Founded in 2002 and headquartered in Lewisville, Texas, the company was previously publicly traded on NYSE under ticker ADPT before being delisted.

What Adeptus Health does

Adeptus Health was a U.S. healthcare organization that operated a network of freestanding emergency rooms, providing emergency medical care to patients in markets where its facilities were located. The company also maintained partnerships with healthcare systems, positioning itself as an alternative channel to hospital-based emergency departments. Founded in 2002 and headquartered in Lewisville, Texas, Adeptus scaled to a workforce of 1,001–5,000 employees and was historically publicly traded on the NYSE under ticker ADPT before being delisted.

The company's capital history includes three disclosed funding rounds totaling approximately $459.7 million: a $175 million raise in October 2015, a $27 million round in November 2016, and a $257.7 million Deerfield-led financing in October 2017. The 2017 round, more than nine times the size of the 2016 round, is most plausibly read as a recapitalization event in the lead-up to the company's delisting rather than a routine growth-stage capital raise. Leadership of record comprises Gregory W. Scott as Executive Chairman, Frank R. Williams as President & CEO, and James Hopwood as Executive Vice President & CFO.

The most current observable state of the company is distressed or wound down: the primary corporate domain (adhc.com) is a parked landing page on Afternic/GoDaddy with no business content, and the company is delisted from public markets. The input data does not contain a current revenue figure, an operating-status confirmation, an ownership or parent-company identification, or any post-2017 strategic disclosures, leaving the entity's present operating condition materially under-documented.

Adeptus Health firmographics

Firmographics
Name
Adeptus Health
Legal name
Adeptus Health
Website
https://adhc.com
Company type
Private
Founded year
2002
Operating status
Operating
Headcount range
1,001–5,000 employees
Short description
Adeptus Health operated a network of freestanding emergency rooms in the United States, providing localized emergency medical care. Founded in 2002 and headquartered in Lewisville, Texas, the company was previously publicly traded on NYSE under ticker ADPT before being delisted.
Ownership category
akta.pro rank

Adeptus Health industry classification

Industry
Product category
Emergency Medical Services
NAICS
Freestanding Ambulatory Surgical and Emergency Centers (621493), Offices of Physicians (62111)
SIC
Services-Offices & Clinics Of Doctors Of Medicine (8011)
akta.pro primary industry
Hospital-Based Emergency Departments (EDs) (HLAFADAA)
akta.pro secondary industries
Hospital-Operated Urgent Care Centers (HLAFADAC), Observation & Short-Stay Emergency Units (ED Observation Units) (HLAFADAK)

Keywords

  • Emergency medical services
  • Freestanding emergency rooms
  • Urgent care services
  • Emergency healthcare
  • Acute care facilities

Where Adeptus Health is headquartered

Location

Headquarters

HQ city
Lewisville
HQ country
United States
HQ region
North America

Markets served

Adeptus Health business model

Business model
GTM type
B2C
Offering type
Services
Cost components
Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Adeptus Health product offering

Product offering

Core offering

Adeptus Health operates a network of freestanding emergency rooms delivering emergency medical care to patients. The organization also leverages partnerships to extend its emergency care services. Founded in 2002 and headquartered in Lewisville, Texas, the company employs 1,001-5,000 people.

Product overview

No information about Adeptus Health's product or service offering is available in the source data. The source only contains a domain parking page (adhc.com) on Afternic/GoDaddy indicating the domain may be available for sale.

Differentiator

Problem solved

Functional benefit

Products and services

  • Freestanding Emergency Rooms
  • Emergency Medical Care Services
  • Healthcare Partnerships

Companies that use Adeptus Health

Customer profile

Ideal customer profiles2 records

Adeptus Health technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Adeptus Health partnerships and signals

Strategic signal

Recent moves4 records

Expansion highlights2 records

Adeptus Health competitors and assessment

Company assessment

Direct peers

  • Envision Healthcare: One of the largest US providers of emergency medicine, anesthesiology, and hospitalist services; directly comparable to Adeptus Health's emergency-care delivery model and multi-site clinical footprint.
  • US Acute Care Solutions: Physician-owned emergency medicine, hospitalist, and observation-staffing group operating across numerous US hospitals; directly comparable as a clinician-led emergency-care platform serving similar patient populations.
  • TeamHealth: National clinician services organization providing emergency medicine, hospitalist, and specialty staffing; directly comparable to Adeptus Health in both the emergency-care service line and multi-state facility footprint.
  • American Physician Partners: Emergency medicine and hospital medicine management group operating across multiple US states; directly comparable as an emergency-department-focused clinical services operator.

Broad incumbents

  • HCA Healthcare: Largest US for-profit hospital operator with extensive emergency department networks; broadly comparable as a scale incumbent competing for the same emergency-care patient demand that Adeptus Health targeted.
  • Tenet Healthcare: Multi-state for-profit hospital system with significant emergency department volume and ambulatory operations; broadly comparable as a large incumbent serving the same emergency-care demand pool.
  • Universal Health Services: Large acute-care and behavioral health hospital operator with substantial emergency department presence; broadly comparable as a diversified incumbent in the emergency-care delivery space.

Emerging players

  • Surgery Partners: Operator of ambulatory surgical facilities and short-stay surgical hospitals; comparable as a multi-site outpatient healthcare delivery platform competing for the same value-based, lower-cost-care demand as freestanding ERs.
  • CityMD / Summit Health: Large urgent-care and primary-care platform that overlaps with the convenient, lower-acuity care demand that drove the freestanding ER model; partially comparable as an alternative site-of-care competitor.

Others

  • Fresenius Medical Care: Large-scale US outpatient healthcare services operator; adjacent peer useful for sizing outpatient healthcare delivery economics rather than direct emergency-care competition.

Market position

Strengths3 records

Weaknesses3 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

Adeptus Health social profiles

Digital presence

Adeptus Health financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Adeptus Health leadership team

Management profile

Number of profiles

Profiles3 records

Adeptus Health funding detail

Funding detail

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Adeptus Health M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Adeptus Health

What does Adeptus Health do?

Adeptus Health operates a network of freestanding emergency rooms delivering emergency medical care to patients. The organization also leverages partnerships to extend its emergency care services. Founded in 2002 and headquartered in Lewisville, Texas, the company employs 1,001-5,000 people.

Is Adeptus Health a public or private company?

Adeptus Health is a private company. It is classified as private equity controlled and is currently operating.

When was Adeptus Health founded?

Adeptus Health was founded in 2002. It employs 1,001 to 5,000 people.

Where is Adeptus Health based?

Adeptus Health is headquartered in Lewisville, United States, in the North America region.

Who are Adeptus Health's main competitors?

Direct peers on record are Envision Healthcare, US Acute Care Solutions, TeamHealth and American Physician Partners. Broad incumbents are HCA Healthcare, Tenet Healthcare and Universal Health Services. Emerging players are Surgery Partners and CityMD / Summit Health. Fresenius Medical Care is listed as an others.

Does Adeptus Health have an API?

No public API is recorded for Adeptus Health.

What industry is Adeptus Health in?

Adeptus Health's product category is Emergency Medical Services. Its primary akta.pro industry code is HLAFADAA, Hospital-Based Emergency Departments (EDs), with a secondary code of HLAFADAC, Hospital-Operated Urgent Care Centers. Its NAICS code is 621493 and its SIC code is 8011.

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Live signals
PR NewswireBernstein Litowitz Berger & Grossmann LLP and Kessler Topaz Meltzer & Check, LLP Announce a Proposed Settlement in the Adeptus Health Securities LitigationA $44 million settlement has been proposed to resolve a securities fraud class action against Adeptus Health Inc., covering investors who purchased the company's Class A common stock between June 25, 2014 and March 1, 2017. The settlement, reached between Adeptus Health and the plaintiff class led by Oklahoma Law Enforcement Retirement System, requires court approval at a hearing scheduled for May 20, 2020 in the Eastern District of Texas. Class members must submit claim forms by June 8, 2020 to be eligible for a share of the settlement fund.PR NewswireAdeptus Health Appoints James Hopwood as its Chief Financial OfficerAdeptus Health announced the appointment of James Hopwood as its new Chief Financial Officer, effective October 15, 2018. Hopwood brings over 30 years of healthcare industry experience, most recently serving as CFO of Promise Healthcare Group since 2014, and previously holding positions at Focus Management Group, Wickes Lumber Company, and Goldman Sachs. The company noted it provided care to over 740,000 patients across its network despite challenges over the past 18 months as it pursues a turnaround and expansion strategy.PR NewswireAdeptus Health Appoints Dr. Nirav R. Shah as Advisor in ResidenceAdeptus Health appointed Dr. Nirav R. Shah as Advisor in Residence, effective May 2018, to work with the company's executive team and board on regulatory, revenue, and research strategies. Dr. Shah brings extensive healthcare leadership experience, including his prior roles as Chief Operating Officer for clinical operations at Kaiser Permanente in Southern California and Commissioner of the New York State Department of Health. The appointment underscores Adeptus Health's focus on expanding its emergency care model while maintaining its stated commitment to rapid patient service, with the company reporting patients were seen within 11 minutes at its facilities in April 2018.PR NewswireAdeptus Health Successfully Completes Financial RestructuringAdeptus Health Inc., the largest operator of freestanding emergency rooms in the United States, has successfully completed its financial restructuring and emerged from Chapter 11 bankruptcy protection. Under the approved Plan of Reorganization, the reorganized company is now owned by affiliates of Deerfield Management Company and has been freed of all long-term debt, with 99 emergency rooms across seven markets continuing to operate. The former public company is dissolving, with all Class A common stock cancelled and trading halted on the OTC market.PR NewswireDeerfield Management Completes Acquisition of Adeptus HealthDeerfield Management announced the completion of its acquisition of reorganized Adeptus Health, along with a long-term partnership aimed at expanding quality emergency care services across communities nationwide. The deal follows Adeptus Health's emergence from bankruptcy, with former CFO Frank Williams appointed as the new CEO and Gregory W. Scott becoming Executive Chairman of the reorganized entity. The partnership plans to leverage Deerfield's capital and operational expertise to potentially expand into 1 to 2 new markets per year over the next five years.PR NewswireAdeptus Health Plan of Reorganization Confirmed By CourtAdeptus Health Inc., the largest operator of freestanding emergency rooms in the United States, announced that the U.S. Bankruptcy Court for the Northern District of Texas has confirmed its Chapter 11 Plan of reorganization, with the company expecting to complete its financial restructuring and emerge from bankruptcy in the coming days. Upon effectiveness of the plan, reorganized Adeptus will be owned by affiliates of Deerfield Management Company, its long-term investor, with the restructuring intended to improve financial flexibility and operational structure. The company noted that all of its owned and joint-venture freestanding emergency rooms have continued operating with usual standards of quality care throughout the process.PR NewswireADPT NOTICE: Rosen Law Firm Reminds Adeptus Health Inc. Investors of Important May 9 Deadline in Class Action Filed by Firm - ADPTRosen Law Firm has issued a reminder to investors of Adeptus Health Inc. of the May 9, 2017 deadline to serve as lead plaintiff in a securities class action lawsuit filed by the firm. The lawsuit alleges that Adeptus Health made materially false and misleading statements regarding material weaknesses in its internal control over financial reporting, including issues with revenue recognition, accounts receivable, and accounting for unconsolidated joint ventures. When the true details were disclosed, investors suffered damages according to the complaint.PR NewswireEQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Adeptus Health Inc. - ADPTRosen Law Firm filed a securities class action lawsuit on behalf of purchasers of Adeptus Health Inc. securities between April 29, 2016 and March 1, 2017. The lawsuit alleges that Adeptus Health made materially false and misleading statements regarding material weaknesses in internal control over financial reporting, including issues with revenue recognition, accounts receivable, and accounting for joint venture transactions. The firm is seeking damages for investors under federal securities laws.PR NewswireSHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action against Adeptus Health, Inc. and Certain Officers - ADPTA class action lawsuit was filed against Adeptus Health, Inc. and certain officers on April 27, 2017, in the U.S. District Court for the Eastern District of Texas, alleging violations of the Securities Exchange Act of 1934. The complaint alleges that defendants made materially false and misleading statements regarding material weaknesses in internal control over financial reporting, including revenue recognition and accounts receivable issues. On March 2, 2017, following the company's disclosure that it was delaying its Form 10-K filing and revealing additional material weaknesses, Adeptus Health's share price fell $3.76 or 57.4% to close at $2.79 per share.PR NewswireAdeptus Health and Deerfield Join Forces to Enable High Quality Emergency CareDeerfield Management announced its plan to acquire Adeptus Health, a healthcare organization specializing in freestanding emergency rooms. The transaction involves Deerfield providing expansion capital and operational expertise to Adeptus, subject to customary conditions including bankruptcy court approval of Adeptus's reorganization plan.