Partnerships with management services organizations have become an increasingly common business strategy for physician practices struggling against a rising tide of corporate consolidation efforts and soaring operational costs. According to the American Medical Association’s “Physician Practice Benchmark Report,” published in…
ASC Transactions & Valuation Issues
As independent practices buckle under rising costs, administrative burdens and stagnant reimbursement, a new and unlikely cast of acquirers has entered the game, moving beyond the traditional hospital and health system playbook to stake claims across primary care and specialty…
Washington, D.C.-based George Washington University and King of Prussia, Pa.-based Universal Health Services, are close to finalizing a contract deal over the Medical Faculty Associates, according to an April 6 news release. For the last several months, the university and…
At least 25 ASCs have closed over the past five years, a pattern of attrition driven by financial strain, staffing shortages, low procedure volumes and the lingering effects of the COVID-19 pandemic. The closures have hit facilities of all sizes…
At least 13 hospitals and health systems have announced plans to shutter or consolidate services in just one month, with closures spanning emergency departments, maternity wards, pediatric units and behavioral health programs. The cuts reflect mounting financial pressures and staffing…
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An OrthoArizona medical office building in Gilbert, Ariz., has been purchased for $32.3 million, according to an April 6 report from BisNow. Montecito Medical Real Estate acquired the nearly 50,000-square-foot facility from Sphere Investments. The building opened in 2019 and…
Louisville, Ky.-based Vanguard Surgical has filed for Chapter 11 bankruptcy protection, according to court records reviewed by Becker’s. The company made a voluntary filing March 31 in the U.S. Bankruptcy Court for the Western District of Kentucky, listing estimated assets…
Penn Medicine Lancaster General Health has acquired sole ownership of MRI Group and Lancaster PET Partnership, Lancaster Online reported April 2. The Lancaster, Pa.-based health system previously co-owned the imaging groups with Lancaster Radiology Associates. The groups operate six locations…
The acquisition of Fort Walton Beach, Fla.-based White Wilson Medical Center by private equity firm Kain Capital offers a window into two of the most consequential forces reshaping American healthcare: the decline of independent physician practices and the accelerating role…
Stonemont, a real estate investment firm, has acquired a 103,184-square-foot medical office building anchored by Atlanta-based Northside Hospital. The firm acquired Northside East Cobb Medical Center in Marietta, Ga., which is 100% leased, according to an April 2 news release…