Cencora’s deal for a 350-provider oncology network leads six recent physician practice acquisitions, alongside deals by health systems in Pennsylvania, Michigan, Illinois and Virginia.
Here are six physician practice acquisitions in the last month
1. Philadelphia-based Thomas Jefferson University is set to acquire Pottstown (Pa.) Medical Specialists, a 48-year-old physician-owned group, after the group canceled its bankruptcy auction and named Jefferson the successful bidder. Pottstown Medical Specialists filed for Chapter 11 on Aug. 30 in the U.S. Bankruptcy Court for the Eastern District of Pennsylvania. It signed an asset purchase agreement with Jefferson the same day.
2. Port Huron, Mich.-based Northpointe OB-GYN has been acquired by McLaren Port Huron, part of Grand Blanc, Mich.-based McLaren Health Care. Northpointe is the area’s only comprehensive OB-GYN provider. The practice will become McLaren Port Huron Obstetrics and Gynecology, keep its location near the hospital campus, and its medical staff will join McLaren Medical Group.
3. Naperville, Ill.-based Fox Valley Imaging has been acquired by Downers Grove, Ill.-based Duly Health and Care. The independent imaging center has served Naperville and surrounding communities for more than 30 years. It offers MRI, MRA, CT, ultrasound, echocardiography, video fluoroscopy and X-ray.
4. Hatboro, Pa.-based William A. Horn, MD & Associates has been acquired by Dermatology Partners, a physician-led dermatology group serving the Mid-Atlantic region. The deal takes effect Nov. 1. William Horn, MD, a board-certified dermatologist with more than 40 years of experience, will continue to lead the practice, and his clinical team will stay in place.
5. Conshohocken, Pa.-based Cencora has signed a definitive agreement to acquire Fort Myers, Fla.-based American Oncology Network, a physician-led network of more than 350 oncology providers across 21 states.
6. Harrisonburg, Va.-based Harrisonburg Family Practice has been acquired by Fishersville, Va.-based Augusta Health. The seven-physician practice has served the Harrisonburg community for 50 years.
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