Becker’s reported on seven significant hospital transactions announced or advanced across the U.S. between Oct. 14 and Oct. 22. Here are the seven deals: 1. Samaritan Health Services and MultiCare Health System Corvallis, Ore.-based Samaritan Health Services and Tacoma, Wash.-based…
ASC Transactions & Valuation Issues
Here are three health systems that announced the closure of clinics, as reported by Becker’s since Oct. 14:
As the ASC industry heats up with competition between hospitals, health systems, corporate entities and independent practices, ASC leaders are faced with difficult choices as they debate maintaining independence, partnering up or selling off their practice to survive. According to…
Portland, Ore.-based Legacy Health plans to close several clinics and programs across Oregon and Washington amid ongoing financial pressures, the system said in an Oct. 19 statement shared with Becker’s. Here are seven things to know: 1. In the statement,…
Downers Grove, Ill.-based Duly Health and Care has acquired Woodridge (Ill.) Clinic, a physician-led primary care provider. Woodridge Clinic, founded in 1986, focuses on primary care, diabetes management and occupational therapy services, according to an Oct. 20 news release from…
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With thin margins and many costly, implant-heavy procedures, ASCs need effective accounts receivable (AR) management to protect cash flow, reduce revenue leakage and sustain long-term financial sustainability. One missed prior authorization or overlooked benefit detail can result in thousands of…
Sioux Falls, S.D.-based Sanford Health has acquired Rapid Hills, S.D.-based Black Hills Plastic Surgery. According to an Oct. 16 news release, Black Hills Plastic Surgery offers cosmetic and reconstructive plastic surgery, as well as nonsurgical cosmetic treatments. The physician group…
Renton, Wash.-based Providence plans to permanently close four occupational medicine and workplace health services clinics in Portland, Ore., effective Nov. 7. The closure will affect 43 employees, according to an internal message sent to staff and obtained by Becker’s. Ben…
CVS Pharmacy has finalized its acquisition of 63 former Rite Aid and Bartell Drugs locations in Idaho, Oregon and Washington, the company said in an Oct. 15 news release. Here are four more things to know 1. CVS also acquired…
Oath Surgical raised $24 million in Series A funding to expand its network of surgeon-owned, AI-powered ASCs. The round was led by FPV Ventures with participation from McKesson Ventures and brings Oath’s total funding to $35 million. The company plans…