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…
ASC Transactions & Valuation Issues
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…
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Here are four hospitals and health systems laying off employees in the month of March, as reported by Becker’s: 1. Orange, Calif.-based UCI Health shared plans to lay off about 150 workers, roughly 1% of its workforce, as part of…
Premier Health Partners has acquired Dayton, Ohio-based Digestive Specialists, according to a notice posted on the website of law firm Jones Day, who advised Premier on the acquisition. Dayton-based Premier Health is a nonprofit academic health system serving Southwest Ohio. …
Lincoln Property Company and PGIM, two real estate firms, have acquired an outpatient medical building in Denver. The St. Joseph Medical Pavilion is a 99,503-square-foot outpatient facility operated by Murray, Utah-based Intermountain Health, according to a March 30 news release…
Annapolis, Md.-based Vision Innovation Partners has acquired Frederick Eye Institute, a comprehensive ophthalmology practice in Frederick, Md., according to a March 30 news release. Led by Robert Hodges, MD, Frederick Eye Institute specializes in cataract surgery and lens implants, as…
From regional health systems consolidating ownership stakes to national operators expanding into new specialties, 10 ASC transactions defined the first quarter. The deals span the full spectrum of ASC activity. Surgery Partners moved into the $6 billion dialysis access market,…