South Carolina’s last major independent multispecialty physician group is no longer independent. On March 3, Charleston-based MUSC Health finalized the $111 million acquisition of Palmetto Primary Care Physicians, the state’s largest independent multispecialty practice. The Medical University Hospital Authority board…
ASC Transactions & Valuation Issues
Minneapolis-based University of Minnesota, Fairview Health Services and University of Minnesota Physicians have finalized agreements that will shape the next 10 years of the organizations’ partnerships. The deal comes after months of negotiations in the wake of what some physicians…
Chicago-based Northwestern Medicine has acquired an outpatient center in Oak Brook, Ill., for $58 million, converting its role from tenant to owner of the facility, according to a June 8 CoStar report. An affiliate of the health system purchased the…
Physician practice valuations have come down from their COVID-19 pandemic-era peak, but the market is still active and PE remains the dominant buyer. Here is what the current data shows. 1. The headline multiple has compressed, but remains historically high…
The Oregon Clinic has merged with Broadway Medical Clinic, a nearly 90-year-old practice in Portland, creating one of the state’s largest physician-owned practices while remaining independent, according to a June 8 news release. Broadway Medical Clinic, now operating as The…
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While the financial headwinds battering healthcare are not new, some independent physician groups are blazing their own trail out of penury and debt toward financial solvency. Three recent cases map the emerging playbook for physician practice distress resolution. Here’s a…
Cardiology is quickly becoming a key point of investment for hospitals and health systems developments in technology and new CMS approvals expand outpatient capabilities within the specialty amid persistent demand among the U.S. population. From opening cardiac ASCs to expanding…
In 2022, Ascension ran 139 hospitals and was losing nearly $2 billion a year. By June 2026, it operated 90 hospitals and more than 300 ASCs. The $3.9 billion acquisition of AmSurg was the final move in a significant strategic…
HST Pathways, a cloud-based software provider for ASCs, has secured a strategic growth investment from Novo Holdings, joining existing investors Bain Capital and Nexxus Holdings, according to a June 5 news release. The investment will support the acceleration of HST’s…
Joint ventures between ASCs and hospitals or health systems are accelerating, with 59% of ASC leaders saying they would consider a strategic partnership in 2026, according to a VMG Health survey. But leaders who have been through the process caution…