The physician staffing industry is facing significant turmoil, with three major firms either shutting down or filing for bankruptcy in the past two years.
Meadville (Pa.) Medical Center plans to acquire five physician practices from Dallas-based, financially troubled Steward Health Care, the hospital said in a Nov. 27 news release.
The ASC industry experienced a wave of megamergers between 2015 and 2018 that fundamentally shifted the competitive landscape. Although the pace of large-scale consolidation has slowed, significant deals and investments continue to shape the industry’s…