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.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.