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More hospitals are shuttering surgical services amid financial challenges amid soaring costs and declining reimbursements. 

The Woodlands, Texas-based Sterling Ridge Orthopaedics & Sports Medicine opened an ASC in partnership with Houston-based Memorial Hermann, according to an Oct. 10 news release shared on Woodlands Online.

The highest-paid cardiologist in Fort Worth, Texas, earns $969,400, according to Medscape's salary reporter tool, which is much higher than the mean annual wage of $423,250 cardiologists make according to the Bureau of Labor Statistics.

There were 57 medical malpractice verdicts of $10 million or more, with more than half of those verdicts hitting $25 million — and the legislation surrounding malpractice lawsuits and physician liability could be changing in a number of states.

Charlotte, N.C.-based independent practice Tryon Medical Partners finalized a deal with private equity firm TPG in September, six years after breaking away from Atrium Health, North Carolina Health News reported Oct. 9.

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