Here are 20 physician group deals shaping the industry since 2022:
American Shared Hospital Services
In November 2023, American Shared Hospital Services acquired a 60% majority equity interest in two cancer centers.
Amazon:
In 2023, Amazon completed its $3.9 billion acquisition of virtual and in-person primary care company One Medical, giving Amazon access to more than 200 brick-and-mortar physicians offices.
AmSurg
After physician services company Envision filed for Chapter 11 bankruptcy, its former ASC arm AmSurg purchased all ASCs held by Envision for $300 million in May 2023.
Ascend Capital Partners
Private equity company Ascend Capital Partners acquired a majority stake in Seoul Medical Group, an independent physician association.
ASG Eye Hospital:
In March 2023, ASG EYE Hospitals acquired Chennai-based eyecare chain Vasan Eye Care for $64 million.
Consensus Health Medical Group:
Consensus Health Medical Group added five New Jersey-based independent medical practices, which added eight physicians and six locations to its network.
CVS Health
CVS Health in 2023 acquired primary care company Oak Street Health for $10.6 billion, giving CVS access to more than 160 clinics in 21 states.
Also in 2023, CVS Health completed its $8 billion acquisition of Signify Health, adding more than 10,000 clinicians.
GI Alliance
In 2022, Southlake, Texas-based GI Alliance completed its physician-led buyout facilitated by a $785 million investment from private equity firm Apollo Hybrid Value.
Health Network One:
In January 2023, Health Network One acquired Premier Eye Care, which has a network of more than 20,000 eyecare providers across 37 states.
INVO Biosciences
In August 2023, INVO Bioscience closed its $10.5 million acquisition of Madison-based The Wisconsin Fertility Institute.
OneOncology:
In April 2023, TPG and AmerisourceBergen acquired OneOncology, a network of 700 independent community oncologists, for $2.1 billion.
Optum:
In 2023, Optum’s $1.51 billion acquisition of EMIS Group, a health technology firm, was approved by the U.K. Competition and Markets Authority.
In 2023, Optum merged with Amedisys, a home health and hospice provider, in a deal valued at $3.26 billion.
In 2023, Optum acquired multispecialty physician group Crystal Run Healthcare.
Optum acquired Houston-based Kelsey-Seybold for around $2 billion in 2022. Kelsey-Seybold is a multispecialty physician group with cancer and women’s health centers, two ASCs and a sleep center.
Also in 2022, Optum acquired Auburndale, Mass.-based Atrius Health for $236 million.
In 2022, Optum acquired home healthcare business LHC Group for around $5.4 billion. Lafayette, La.-based LHC Group offers in-home health and hospice care from 964 locations in 37 states.
United Digestive:
In March 2023, private equity firm Kohlberg & Company acquired United Digestive for $500 million from Frazier.
Walgreens
In January 2023, Walgreens-backed VillageMD acquired the physician group Summit Health-CityMD and its roughly 400 primary care and urgent care clinics for $8.9 billion.
In March, VillageMD acquired a 30-location physician group, Rocky Hill, Conn.-based Starling Physicians, one of the state’s largest physician groups.
