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…
ASC Transactions & Valuation Issues
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…
From a jointly built AI documentation tool with Abridge to three distinct growth partnership models, Oakland, Calif.-based Kaiser Permanente has spent the past few months navigating expansion, labor tension and legal exposure. Here’s a breakdown of Kaiser Permanente’s notable initiatives…
Advertisement
Three physician practices announced closures within a single month, spanning rural Oklahoma, small-town Texas and Owensboro, Ky., as physicians cite retirement, personal reasons and the ongoing challenges of sustaining independent practice in underserved communities. Here are three physician practice closures…
Pottstown, Pa.-based Pottstown Medical Specialists, a physician-owned multispecialty group, filed for Chapter 11 bankruptcy Aug. 30 in the U.S. Bankruptcy Court for the Eastern District of Pennsylvania. Founded in 1978, the practice has grown from an internal medicine office into…
The physician owners of Atlas Surgery Center in Amherst, N.Y., have proposed the sale of their majority stake in the facility for $54 million, an Atlas physician confirmed to Becker’s in an email Aug. 27. Per the proposed deal, the…
More than half of U.S. physicians, 59.4%, are now employed by a hospital or health system, according to a new analysis from Trilliant Health that assessed 700,000 physicians across the country. Here are four more things to know 1. The…
Woodside Health has acquired Nansemond River Medical Center, a 33,000-square-foot medical outpatient building in Suffolk, Va., according to an Aug. 26 news release. The property is anchored by Sports Medicine & Orthopedic Center and houses multiple specialty clinical tenants. The…