Neenah, Wisc.-based ThedaCare has acquired the Wisconsin Institute of Urology in Fox Crossing, for $16.5 million. According to an Aug. 1 news release, WIU is the largest independent urology practice in the state. As a part of this agreement, ThedaCare…
ASC Transactions & Valuation Issues
Independent practices have been in steady decline over the last two decades, as hospitals and health systems have grown in size and market influence and the cost of operations whittles away at physicians’ bottom lines. Here are 10 statistics shaping…
Paul Berggreen, MD, is a gastroenterologist based in Phoenix. He serves as president of the American Independent Medical Practice Association and chief strategy officer of GI Alliance, a nationwide network of independent GI practices. Dr. Berggreen’s work focuses largely on…
From rising labor costs to shrinking reimbursements, seven leaders joined Becker’s to discuss the mounting financial pressures facing ASCs today. Editor’s note: Responses have been lightly edited for clarity and length. Question: What is the most significant financial challenge ASCs…
UnitedHealth Group and Amedisys reached a proposed final settlement with the U.S. Justice Department and attorneys general from Maryland, Illinois, New Jersey and New York to resolve an antitrust lawsuit that had stalled their $3.3 billion merger. Here are eight…
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Dallas-based Steward Health Care filed a lawsuit July 15 in bankruptcy court against its former chairman and CEO, Ralph de la Torre, MD, alleging insider transactions and mismanagement drained its assets and contributed to its financial collapse. Tenet Healthcare, parent…
Brentwood, Tenn.-based Surgery Partners is doubling down on independence following the decision not to proceed with Bain Capital’s proposed acquisition, according to the company’s second quarter earnings call transcribed by Seeking Alpha. In the call, CEO Eric Evans emphasized that…
Here are five ASC leaders’ recent thoughts on the increasingly consolidated physician and ASC landscape: Janet Calson. Executive Director of Commonwealth Pain & Spine: Consolidation is driving up healthcare costs. It gives large health systems monopolies. Physicians are forced to…
As hospital-ASCs dynamics evolve, some health systems are seen as allies in outpatient care expansion, while others are seen as stalling progress. Janet Carlson, executive director of Commonwealth Pain & Spine, spoke with Becker’s about what makes an ideal hospital…
Brentwood, Tenn.-based Surgery Partners reported second-quarter revenue of $826.2 million, an 8.4% year-over-year increase that surpassed Wall Street expectations, according to its earnings report released Aug. 5. Here are five more things to know: 1. Same-facility revenues increased by 5.1%…