Kartik Bhatia of Geneva, Ill., was sentenced to two years in prison for a scheme that defrauded Medicare of more than $2 million by submitting claims for medically unnecessary durable medical equipment, according to a March 6 news release from…
Patsy Newitt
Downeast OB-GYN in Bangor, Maine, which opened in 1994, will close July 2, the practice announced in a March 6 Facebook post . In the post, owner Christopher Ramset, MD, said the primary reason for the closure was an inability…
A Kansas anesthesiologist was sentenced to three years in prison for a telemarketing scheme that billed Medicare for medically unnecessary orthotic braces, according to a March 6 news release from the Justice Department. The move comes after CMS implemented a…
By 2036, the U.S. is projected to have 39,600 cardiology physicians available to meet a demand of 46,600, leaving a shortfall of about 7,000 physicians nationwide, according to projections from the Department of Health and Human Services’ Health Resources and…
Private equity investment in healthcare surged in 2025, an estimated $191 billion, and the way investors are deploying capital is shifting, according to a recent report from VMG Health. For ASCs and physician groups, that means new opportunities and risks…
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Oftentimes, an ASC project is essentially two deals happening at once: that of the ASC operating business and the underlying real estate. That overlap can complicate timelines, financing and compliance, according to a March 5 article from law firm McDonald…
Health system consolidation continues to accelerate, with six hospital and healthcare deals announced in just 10 days spanning hospital sales, mergers, acquisitions and a major private equity buyout. Transactions involving Community Health Systems, Baptist Memorial Health Care, Altru, Tenet Healthcare,…
Medical equipment company Waukesha, Wis.-based Kinex Medical Company agreed to pay $6.9 million to resolve allegations it submitted false claims to Medicare, TriCare and other federal healthcare programs, according to a March 5 news release from the Justice Department. The…
Surgery Partners reported $3.3 billion in 2025 revenue and $526 million in adjusted EBITDA, but adjusted EBITDA fell roughly $11 million short of its revised Q3 guidance, in a a March 4 earnings call transcribed by Seeking Alpha, management attributing…
Sanders Capital Partners has acquired a medical outpatient building in Madison, Miss., for $4.25 million, according to a March 4 news release. The 10,135-square-foot facility, built in 2017, serves as the flagship location for Madison-based Positive Steps Fertility, a physician-led…