Fort Myers, Fla.-based Millennium Physician Group and Orlando, Fla.-based IMA Medical Group are partnering together. The integration of the organizations aims to expand patient-centered, value-based care in Florida, according to an Oct. 6 news release from Millennium Physician Group. IMA…
ASC Transactions & Valuation Issues
Becker’s has reported on three physician practice acquisitions by Optum, UnitedHealth Group’s physician practice arm, in less than one year. 1. In August, Optum-owned SCA Health acquired U.S. Digestive Health Management, adding 24 ASCs and more than 40 GI practice…
Becker’s has reported on six physician practice closures since Sept. 1. 1. A Paramus, N.J., clinic and its operator were ordered to halt all operations after a judge issued a temporary injunction against a man accused of posing as a…
As the ASC industry heats up with competition between hospitals, health systems, corporate entities and independent practices, smaller and mid-sized practices are getting creative in their approach to practice growth and consolidation. Three-way or hybrid joint ventures This development model…
Charlotte, N.C.-based Flagship Healthcare Properties has acquired an ambulatory surgery center in Panama City, Fla., expanding its Florida portfolio. The property is home to Northwest Florida Surgery Center, a multispecialty ASC with three operating rooms and two procedure rooms. Having…
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Overland, Kan.-based Head and Neck Surgery of Kansas City is expanding into its fourth location as it takes over the office of Parker Thornton, MD, at his office in Shawnee Mission, Kan. According to a Sept. 24 news release, Dr.…
ASC financing is quietly shifting from all-or-nothing equity models to more nuanced ownership structures. Physician groups are increasingly exploring hybrid models, partial equity sales and governance arrangements that preserve both capital access and clinical control. Here are five emerging trends…
Here are 10 closures of hospital service lines or departments in September, as reported by Becker’s: 1. Greenville, Texas-based Hunt Regional Healthcare plans to close its emergency departments in Commerce and Quinlan, both in Texas, due to financial losses. 2.…
From broadened procedure lists to advances in surgical technology, two ASC leaders joined Becker’s to discuss the biggest opportunity for ASC growth. Question: What do you see as the biggest opportunity for ASCs and outpatient care over the next five…
Here are five acquisition updates disrupting the physician market: 1. Lewiston, Idaho-based St. Joseph Regional Medical Center plans to acquire physician-owned Catalyst Medical Group. The deal, expected to close in late 2025, will bring CMG’s Lewiston Orthopedics and Valley Medical…