$23B+ spent on 2022 physician group deals shaping the industry

Physician group deals remained at elevated levels throughout 2022, according to VMG Health’s 2023 mergers and acquisitions report released March 21. 

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Here are the notable deals in 2022, according to the report:

1. In February 2022, private markets firm Partners Group acquired a majority stake in Forefront Dermatology and its more than 200 clinics for $1.5 billion. 

2. In June, Optum acquired Dallas-based Healthcare Associates of Texas for $300 million. 

3. In July, St. Louis-based SSM Health acquired SLUCare Physician group, the academic medical practice of Saint Louis University, and its more than 600 physicians. 

4. Also in July, Amazon acquired virtual and in-person primary care company One Medical for $3.9 billion. 

5. In September, CVS Health acquired Signify Health and its more than 10,000 clinicians for roughly $8 billion. 

6. Also in September, Southlake, Texas-based GI Alliance completed its physician-led buyout facilitated by a $785 million investment from private equity firm Apollo Hybrid Value. 

7. In November, VillageMD, which is majority owned by Walgreens Boots Alliance, acquired physician practice group Summit Health in a $8.9 billion deal. 

8. Also in November, CareMax closed its acquisition of the Medicare value-based care business of Steward Health Care System for $25 million, which created one of the largest independent, value-based care platforms in the country.

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