Founded in 1917 by six Seattle physicians, The Polyclinic grew to become one of the largest independent multispecialty physician groups in the Greater Seattle area. Serving more than 230,000 patients annually, The Polyclinic consists of 240+ providers, including 200 physicians, across more than 30 specialties practicing at 13 clinic locations throughout the Seattle metropolitan area.
Industry pressures make it increasingly difficult for independent physician groups to simultaneously meet their strategic goals and achieve sustainable financial performance. The Polyclinic determined that its ability to serve its community could be enhanced through a partnership to gain scale and additional medical capabilities.
Kaufman Hall served as the exclusive financial advisor to The Polyclinic.
The Polyclinic selected OptumHealth, a health services division of UnitedHealth, as its preferred strategic partner. The transaction closed on December 31, 2018.
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