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Provident Healthcare Partners Advises Riverside Medical Clinic In Its Partnership With Universal Healh ServicesBOSTON and LOS ANGELES, Dec. 1, 2021 /PRNewswire/ -- Provident Healthcare Partners ("Provident"), a leading healthcare investment banking firm, announced that it has advised Riverside Medical Clinic ("RMC") in its partnership with Universal Health Services (NYSE: UHS). RMC is a premier multi-specialty physician practice that employs more than 180 physicians and advanced practice providers in seven physician offices located in Murrieta, Eastvale, Jurupa, Temescal Valley and Riverside, California. In addition, the physician owners of RMC operated a Management Services Organization ("MSO"), employing 800+ team members. Provident served as the exclusive financial advisor to RMC, and Best, Best & Krieger served as legal counsel. The terms of the transaction were not disclosed. Provident was instrumental in getting this deal closed. I appreciate their persistence and tireless hard work..." "Provident was instrumental in getting this deal closed. I appreciate their persistence and tireless hard work on behalf of Riverside Medical Clinic. We are pleased with the result and look forward to our new partnership with UHS," stated Ravi Berry, M.D., Chief Executive Officer of RMC. "It was a great privilege to have represented Riverside in this important transaction. Riverside's combination of talent, reputation, professionalism, and longstanding presence in the California market made it the ideal partner for UHS as they continue their expansion strategy throuh targeted acquisitions. Partnering with the UHS team will allow Riverside to continue their impressive growth trajectory while maintaining their exceptional commitment to providers and patients," noted Rebecca Leiba, Managing Director at Provident. "It was a pleasure working with the Management team at Riverside Medical Clinic, a premier provider of multi-specialty care in the Southern California market. We wish RMC all the best in their new partnership with UHS," commented Rich Sciretta, Vice President at Provident. About Riverside Medical Clinic About Universal Health Services About Provident Healthcare Partners Contact: View original content to download multimedia:https://www.prnewswire.com/news-releases/provident-healthcare-partners-advises-riverside-medical-clinic-in-its-partnership-with-universal-healh-services-301434458.html SOURCE Provident Healthcare Partners LLC |