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Edge Advises The Schumacher Group in Recapitalization with Onex

Edge Healthcare Partners is pleased to announce that Onex Corporation (“Onex”), along with Dr. William “Kip” Schumacher and other members of management, have recapitalized Schumacher Group, a leading U.S. provider of outsourced emergency and hospital medicine clinical staffing, as well as healthcare advisory services. The terms of the transaction, which closed on July 31, 2015, were not disclosed. Edge Healthcare Partners originated the transaction and served as the exclusive financial advisor to Schumacher Group.

“It has been a privilege to work with Dr. Schumacher, CEO Rich D’Amaro and the entire Schumacher team in this transformative transaction for the company,” said Bryan Pope, Partner of Edge Healthcare Partners. “We are honored that Dr. Schumacher placed his trust in Edge Healthcare Partners to find and structure a transaction with a financial partner that has the experience and resources to further accelerate the growth of the company he founded more than 20 years ago.”

Dr. Schumacher commented, “Our partnership with Onex is a natural next step for the company. In selecting Edge Healthcare Partners as our financial advisor, we were able to work with a committed team of experienced individuals that delivered a great outcome for our company and its shareholders while ensuring that Schumacher Group’s focus on delivering high quality patient care would endure.”

The equity investment will be made by Onex Partners IV, Onex’s $5.7 billion flagship fund.

Founded in 1994, Schumacher Group is a leading national provider of facility-based outsourced physician services. The Company provides emergency medicine, hospital medicine, healthcare advisory services and other services to approximately 250 facilities throughout the United States. Its complement of services include staffing, recruiting, scheduling, contract management, practice management, billing and collecting, risk management, clinical consulting and training, among others. The focus of these comprehensive services is to improve the operational efficiency, reduce the wait times and increase the productivity of a hospital with the ultimate goal of improving patient satisfaction and enhancing the quality of care delivered. The Company’s 3,000 physicians, nurse practitioners and physicians assistants provide care to over 4 million patients annually.  For more information, visit the Schumacher Group website, www.schumachergroup.com

Onex is one of the oldest and most successful private equity firms with offices in Toronto, New York and London. Through its Onex Partners and ONCAP private equity funds, Onex acquires and builds high-quality businesses in partnership with talented management teams. Onex’s credit platform manages and invests in leveraged loans, collateralized loan obligations and other credit securities. The Company has approximately $21 billion of assets under management, including $5.9 billion of Onex capital, in private equity and credit securities. Onex invests its capital through its two investing platforms and is the largest limited partner in each of its private equity funds. For more information, visit the Onex website at www.onex.com.