Here are four recent updates from CVS Health: 1. CVS Health subsidiary Omnicare has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Northern District of Texas. The filing follows both broader financial difficulties and a July…
ASC Transactions & Valuation Issues
Allegheny Health Network is closing a primary care practice in New Kensington, Pa., Trib Live reported Sept. 24. Mark Kerr, a member of Teamsters Local 30, told the publication the closure will affect more than 3,000 patients and 12 employees.…
Independent physician practices are rapidly disappearing as hospitals, insurers, corporate entities and private equity firms expand their reach, according to a new Government Accountability Office report. Here are 10 key statistics from the report: 1. At least 47% of physicians…
Affiliation models play a major role in whether procedures are performed in higher-cost hospital outpatient departments for lower-cost settings like ASCs and office-based settings, according to a study published in Journal of Market Access and Health Policy. The study analyzed…
Lewiston, Idaho-based St. Joseph Regional Medical Center plans to acquire physician-owned Catalyst Medical Group. The deal, expected to close in late 2025, will bring CMG’s Lewiston Orthopedics and Valley Medical Center under St. Joseph’s umbrella. About 150 CMG employees will…
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ASCs have transformed from niche providers of outpatient procedures into a central pillar of healthcare delivery. Once seen as physician-owned alternatives to hospitals, ASCs are now at the center of payer strategies, health system partnerships and private equity investments. Here…
Davenport, Iowa-based ORA Orthopedics announced it will end its partnership with MercyOne at the end of 2025. Here are five things to know: 1. The decision follows Livonia, Mich.-based Trinity Health acquired MercyOne Health System in 2022 and rebranded Genesis…
Amazon has been steadily expanding its healthcare footprint, making moves that span employee benefits, retail innovation and partnerships with major health systems. From cutting health insurance costs for its workforce to extending One Medical collaborations, here are six Amazon healthcare…
Controlling costs while delivering high-quality care remains a pressing challenge for many ASCs. From staffing pressures to shifting reimbursement models and rising supply costs, two leaders joined Becker’s to discuss the hardest costs to manage. Question: What areas of cost…
Some leaders feel that Stark law and anti-kickback statutes, once intended to safeguard Medicare dollars, are now having an unintended effect: pushing active physicians out of healthcare leadership. Harry Severance, MD, adjunct assistant professor at Durham, N.C.-based Duke University School…