Here are the most notable physician group acquisitions since the beginning of 2021 that VMG Health outlined in its report:
1. Mednax acquired nine physician practices for a total of $34.9 million in 2021 — this included a pediatric orthopedic practice, a multilocation pediatric primary and urgent care practice, a pediatric cardiology practice, two pediatric neurology practices, one maternal medicine practice, an OB-GYN practice, a pediatric intensivist practice and a neonatology practice.
2. Well Health acquired CRH Medical in April 2021 for $372.9 million. CRH provides physician services for gastroenterology diseases to 69 ASCs in 13 states.
3. Optum agreed to acquire Atrius Health, which employs 645 physicians and primary care providers, for $236 million in March. Although the acquisition came under scrutiny by the Massachusetts attorney general, the deal was confirmed in 2022.
4. Optum also acquired Kelsey-Seybold Clinic and its 500 physicians in April 2022.
5. Optum continued its “buying streak” with its acquisition of Healthcare Associates of Texas from Webster Equity Partners for $300 million in June 2022.
6. Partners Group purchased a majority stake in Axia Women’s Health and its more than 400 providers for $800 million from Audax Private Equity in May 2021.
7. Gastro Health was sold to private equity company Omers in May 2021 — the enterprise value was estimated around $950 million.
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