Providence, R.I.-based Anchor Medical Associates will close all three of its offices by June 30. According to an April 7 statement on the practice’s website, AMS will first close its Warwick (R.I.) Pediatric/Adult Medicine office, effective April 30. The other…
ASC Transactions & Valuation Issues
The Justice Department launched an anticompetitive regulations task force March 27 with the goal of identifying and eliminating federal and state regulations surrounding market competition, including in healthcare. Here are five notes on the initiative: 1. The initiative will operate…
Medical outpatient facility Naperville (Ill.) Medical Center has been sold for $16.3 million, according to an April 4 report from the Chicago Business Journal. The 39,000-square-foot building is fully leased to Advocate Outpatient Center, an affiliate of Downers Grove, Ill.-based…
In February, Walgreens Boots Alliance entered into a $10 billion definitive agreement with private equity firm Sycamore Partners to take the company private. The total value of the deal could reach as high as $23.7 billion and is expected to…
South Bend, Ind.-based Beacon Health System will acquire 35 outpatient clinics and an ASC from Ascension Michigan, a division of St. Louis-based Ascension Health, according to an April 3 report from the South Bend Tribune. Beacon will also acquire four…
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Tallahassee Primary Care Associates is closing after nearly 30 years, WFSU Public Media reported April 1. The closure will take effect April 25, according to the report. In January, the practice announced that “select physicians” would be departing, and that…
Independent ASCs are under growing pressure as reimbursement fails to keep pace with rising operational costs, staffing shortages and mounting administrative burdens. In response to these challenges, Gregg Gordon launched Surgical Solutions IPA in 2024, one of the country’s first…
Here are 12 financial notes from three of the biggest ASC operators, pulled from their most recent financial reports: United Surgical Partners International (Dallas) 1. USPI reported $4.5 billion in net operating revenues for 2024, a 15.4% increase from $3.9…
On April 1, Los Angeles-based Prospect Medical Holdings was scheduled to present a proposed purchase agreement for a consortium to acquire Upland, Pa.-based Crozer Health — but the meeting was rescheduled, Daily Times reported April 1. Prospect asked U.S. Bankruptcy…
Here are five major hospital and health system deals since March 1: 1. Prime Healthcare acquires eight Ascension hospitals in Illinois Ontario, Calif.-based Prime Healthcare has completed its acquisition of eight hospitals and two ASCs in Illinois from St. Louis-based…