Private Equity

A bill under consideration in the California State Legislature could put power in the hands of physician owners of physician practices, JDSupra reported Jan. 27.

Private equity groups have had a strong start to 2022, amplifying their position in the ASC industry. 

One GI added Terre Haute, Ind.-based Digestive Health Associates to its network, the gastroenterology management company said Jan. 13. 

Vision Innovation Partners has acquired Memorial Eye Institute, a practice and ASC with two locations in Harrisburg, Pa., the eye care platform said Jan. 10. 

The ophthalmology industry is off to a prosperous start in 2022, with nine partnerships, acquisitions and expansions announced in the last week. 

Hamilton, N.J.-based Campus Eye Group and Levittown, Pa.-based Total Eye Care have inked a deal with Beekman Investment Partners to accelerate growth, the private equity firm said Jan. 6. 

Gastrointestinal management organization U.S. Digestive Health has added Philadelphia-based Gastrointestinal Specialists to its network, U.S. Digestive Health said Jan. 4. 

Many financial sponsors have entered the physician practice management arena space in such specialties as primary care, orthopedics, urology, dermatology, pediatrics, radiology, anesthesia, and women's health, to name a few. 

Private equity companies have made several moves to strengthen their presence in the ASC industry.

Most practices acquired and funded by private equity firms from 2000 to 2020 were in the South, according to a cross-sectional study published Nov. 1 in JAMA Surgery.