"FMG Leading helped us plan and prepare for the most challenging phases of change, easing the stress on the organization."
Florida Gulf-to-Bay Anesthesiology Associates, LLC (FGTBA) was a multi-state practice group based in Tampa, Florida, which performed a broad range of clinical and administrative services to hospitals and ambulatory surgery centers. FGTBA employed over 50 board certified anesthesiologists and over 100 certified registered nurse anesthetists (CRNA's) who managed approximately 160,000 cases annually for eight hospitals and 11 ambulatory surgery centers (ASCs). FGTBA has since been acquired by TeamHealth, one of the largest providers of outsourced physician staffing solutions for hospitals in the United States.
In 2012, MTS Health Partners, L.P., re-capitalized FGTBA and founded Florida Gulf to Bay Holdings, LLC to support future growth and drive results. Along with the investment came a new, aggressive growth mandate that would require leaders skilled in leading change.
FMG Leading was brought in to assess the current levels of organizational development and provide support in accelerating the growth of the business. We identified an opportunity to build leadership capability and capacity to help support the new growth targets.
FMG Leading utilized our unique executive coaching process to provide guidance and support to new CEO Leonard Castiglione during his initial onboarding, and throughout his tenure with the company.
The focus of this coaching work was to help him create an aligned leadership team, clarify the organizational vision and value proposition, and enhance the overall leadership of the company.
In addition to our coaching work, FMG Leading deployed our Executive 360° assessment for all members of executive team, to help them develop awareness, mindful presence, and leadership effectiveness. We also facilitated a team development session with the FGTBA Critical Care unit, to establish alignment, build trust, and define the mission and values of the group.
Armed with the skills and clarity FMG Leading provided, Florida Gulf to Bay Anesthesiology was poised for rapid organizational improvement and a successful transaction.
In the 18 months that we were involved with FGTBA, they achieved 380% growth, more than tripling in value from $50 million to $240 million. In late 2014, FGTBA experienced a successful equity event when it was acquired by TeamHealth, providing Castiglione with an opportunity to continue his record of successful turnarounds with a larger organization. He is currently CEO of OB Hospitalist Group, a healthcare firm backed by private equity firm Gryphon Investors. OB Hospitalist group remains an FMG Leading client today.
From the client’s point of view
In the 18 months that FMG Leading was engaged with FGTBA, the company achieved 380% growth and more than tripled in value, from $50 million to $240 million.
Contact the practice leader
Addam Marcotte
Addam leads the FMG Leading Healthcare Services practice and oversees the the leader, team and culture/strategy needs of FMG Leading's healthcare services clients.