ASC Transactions & Valuation Issues

No matter how enticing the payout, private equity can’t buy physician alignment, and many leaders feel that’s a make-or-break factor in any deal. During the session “What Physicians Should Know Before Selling to Private Equity” at the 22nd Annual Spine,…

Here are three hospitals that closed in 1 month, according to Becker’s: 1. Mercyhealth has filed with the state of Illinois for a “temporary suspension of services” at Javon Bea Hospital–Rockton in Rockford. A health system spokesperson confirmed the closure…

Historically dominated by independent physician-owned models, The ASC industry is shifting towards hybrid ownership structures involving hospitals, private equity firms and corporate healthcare platforms. Despite growing consolidation, the shift remains gradual. Independently owned ASCs made up 67% of the market…

Winter Haven, Fla.-based Bond Clinic, a 90-provider physician group, has been acquired by AdventHealth. Altamonte Springs, Fla.-based AdventHealth purchased the group’s 28-specialty assets and care sites located throughout Polk County. “We are excited to welcome the providers and team members…

Pinehurst (N.C.) Radiology Associates, which shuttered following a cyberattack earlier this year, has sold its property to its longtime partner FirstHealth of the Carolinas for $5.75 million, according to a June 2 report from The Pilot. The parcel, located in…

Here are four hospitals who have shuttered services in June  1. Columbus (Ind.) Regional Health  Columbus Regional Health is planning a phased closure of several key services, including its inpatient rehabilitation unit and the CRH Orthopedics and Sports Medicine outpatient…

South Bend, Ind.-based Beacon Health System has acquired Ascension Southwest Michigan. According to a July 1 news release shared with Becker’s, locally-owned, nonprofit Beacon signed a definitive agreement to acquire ASM’s four hospitals, 35 outpatient clinics and an ASC in…

Providence, R.I.-based Anchor Medical Associates officially closed all three of its offices on June 30, leaving approximately 25,000 patients without a primary care provider, CBS affiliate WPRI reported.  The closure, announced in April, was attributed to a worsening physician shortage…

Historically dominated by physician owners, ASCs are now seeing rising involvement from hospitals, private equity firms and even payers. Shobhit Minhas, MD, orthopedic surgeon at Fox Valley Orthopedics in Geneva, Ill., joined Becker’s to discuss the decline of 100% physician-owned…

From sprawling hospital systems to the growing influence of private equity, the physician landscape is shifting rapidly.  Here are the top five players driving change — and controversy — in physician consolidation.  1. Health systems and employment models  Large, integrated…