Cogent Healthcare has merged with Hospitalists Management Group (HMG) to form the largest private hospitalist company in the United States.
The merger brings together two of the strongest companies in the rapidly growing hospitalist industry, with nearly 1,000 affiliated hospitalists and extenders practicing in more than 100 healthcare facilities nationwide.
HMG, based in Canton, Ohio, has focused on partnering with small- to medium-sized hospitals in suburban and rural markets, while Cogent, based in Nashville, Tenn., has concentrated on partnering with medium- to large-sized hospitals.
“This is a natural and complementary partnership that will enable our two similarly-sized companies to benefit from each other’s expertise and success,” said Cogent President and CEO Gene Fleming, who will become the full-time executive chairman of the new company.
The new company will operate as Cogent-HMG. It will be headquartered in Nashville, but will maintain offices in Canton.
Financial details of the merger have not been disclosed.