The Chapter 11 bankruptcy proceedings of North Star Health Alliance, parent of three North Country, N.Y., hospitals, have generated $6 million in administrative and professional costs so far, attorneys told a bankruptcy court judge Sept. 2, according to WWNY. North…
ASC Transactions & Valuation Issues
A new retrospective study in the Journal of the American College of Surgeons offers one of the first detailed looks at how an urban hospital closure reshapes surgical care at the facilities left standing nearby, including who absorbs the extra…
In November 2025, a private equity firm best known for backing consumer brands made a move that looked more like a retail deal than a healthcare one: a 42.5% stake in a 121-clinic physician network spanning 20 states. L Catterton,…
A Brookings Institution analysis published Sept. 3 maps how deeply the five largest U.S. health insurers — covering 126 million Americans — have expanded into owning the physician practices, ASCs, pharmacies and PBMs they also pay for care through. Researchers…
The country’s largest prescription drug distributors have committed more than $13 billion since late 2024 to buying up physician practices. The biggest mover is Cencora. In April 2023, Cencora announced it agreed to acquire a minority interest in OneOncology. Then,…
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The consolidation of physician practices and ASCs by hospitals, health systems and private equity persists in markets across the U.S. However, some ASC physicians and leaders sense a growing push towards independence as physicians fight for their autonomy and practice…
Private equity firms have spent more than a decade building physician practice management platforms in specialties such as cardiology, orthopedics, gastroenterology and ophthalmology. The playbook — acquiring a platform practice, adding on regional practices, then exiting within three to five…
As consolidation activity accelerates across the ASC industry, Avon, Conn.-based Constitution Surgery Alliance CFO Philip Cooksey said the company is staying deliberately selective about who it partners with, leaning on quality as a non-negotiable rather than chasing scale for its…
Sanford Health’s acquisition of Robbinsdale, Minn.-based North Memorial Health is set to close Sept. 1, after the two systems signed a 10-year oversight agreement with the Minnesota Attorney General’s Office Aug. 28 — five times longer than Sanford’s original two-year…
Here are four hospitals and health systems that laid off employees in the month of August, as reported by Becker’s: 1. Brattleboro (Vt.) Memorial Hospital shared plans to lay off nine employees as part of a broader financial recovery plan aimed…