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…
ASC Transactions & Valuation Issues
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…
Tenet Healthcare, parent company of ASC chain United Surgical Partners International, is navigating a stretch of activity, from a new hospital lease in East Texas to a landmark labor deal covering nearly 3,000 California nurses. The Dallas-based health system is…
Four physician practices across the country closed or announced imminent closures in the last week, the latest sign of mounting financial and structural pressure on physician practices. The closures span orthopedic and family medicine specialties and stretch from rural Minnesota…
Joint venture partnerships can be an effective way to build and grow a successful network of ASCs, but there are some non-negotiables that have to be met from the start. The bedrock of successful partnerships is set up strong from…
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Detroit-based Henry Ford Health has added Clinton Township, Mich.-based Cornerstone Medical Group effective April 1. Cornerstone comprises 25 offices in the Detroit area offering family and internal medicine, pediatrics, endocrinology, hospitalist care, podiatry and colorectal surgery. More than 80 physicians…
A Fairmont, Minn., orthopedic surgeon has closed his independent practice after 36 years, citing the cumulative impact of the Affordable Care Act, COVID-19 and increasing consolidation in the local healthcare market, Fairmont Sentinel reported April 1. Corey Welchlin, MD, opened…
An Ascension-affiliated clinic in Pawhuska, Okla. will close June 30, raising concerns about access to care in the Osage County community, KJRH reported March 31. The closure leaves Pawhuska with one remaining clinic, according to the report. The local hospital…
Brentwood, Tenn.-based Surgery Partners is one of the largest players in the ASC space, with a network of more than 200 centers across 33 states. In the past few years, the company has committed significant capital to acquiring new facilities…
Amid concerns over the proposed merger of Maimonides Medical Center into New York City Health & Hospitals, the Medical Society of the State of New York has adopted a policy to protect the admitting and surgical privileges of private practice…