A medical office building in Montclair, N.J., has sold for $17.9 million, according to a May 8 report from Real Estate NJ. The 41,000-square-foot facility was purchased by a joint venture between BGO and Anchor Health Properties. The seller has not been disclosed. The building, fully leased by Summit Health, has been open for four […]
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Here are three major hospital deals and mergers announced or finalized since May 1 that ASCs need to know: 1. OCH Regional Medical Center explores sale to Baptist Memorial Health Care OCH Regional Medical Center, a 96-bed facility in Starkville, Miss., is moving toward a potential sale to Memphis, Tenn.-based Baptist Memorial Health Care. On […]
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Cleveland Clinic has struck a partnership with management services organization Regent Surgical to develop an ASC network. Regent Surgical, founded in 2001, aids health systems in developing, managing and operating ASCs, according to a May 7 news release from Cleveland Clinic. The company currently operates and manages ASCs across 13 states. Cleveland Clinic and Regent […]
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Cleveland Clinic has struck a partnership with management services organization Regent Surgical to develop an ASC network. Regent Surgical, founded in 2001, aids health systems in developing, managing and operating ASCs, according to a May 7 news release from Cleveland Clinic. The company currently operates and manages ASCs across 13 states. Cleveland Clinic and Regent […]
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Hospitals are facing a growing financial challenge — they’re losing money on physicians amid the migration to employed models, according to a May 6 article from Kaufman Hall. Hospitals now lose an average of $306,792 per physician annually, according to the latest Kaufman Hall Physician Flash Report, a 5% increase from the previous year. The […]
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Here are five ASC-focused joint ventures so far in 2025, as reported by Becker’s: 1. An April 16 report by Nashville, Tenn.-based law firm Bass, Berry & Sims highlighted a recent joint venture between Cincinnati-based Bon Secours Mercy Health System and Raleigh, N.C.-based Compass Surgical Partners. The joint venture expanded its reach by developing 30 […]
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As the healthcare landscape continues to shift toward outpatient, health systems are rapidly expanding their ASC strategies. Here are five organizations are leading the way in reshaping what the ASC of the future looks like: Sutter Health Sacramento, Calif.-based Sutter Health is doubling down on ambulatory care. Bradley Heaton, CEO of the health system’s surgery […]
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From labor contracts to new leadership appointments, here are nine things Oakland, Calif.-based Kaiser Permanente have done in the last month: 1. Roughly 2,400 mental health workers ended a strike that began Oct. 21, after reaching a tentative labor contract with Oakland, Calif.-based Kaiser Permanente. The agreement covers members of the National Union of Healthcare […]
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Upland, Pa.-based Crozer-Chester Medical Center officially closed May 2, marking the final step in Prospect Medical Holdings’ plan to shut down the Crozer Health system. Here are five things to know: 1. The closure of Crozer-Chester Medical Center follows the April 26 shutdown of Taylor Hospital in Ridley Park, Pa. Combined, the closures have led […]
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Nashville, Tenn.-based physician group Envision Healthcare is exiting imaging. Its 400 radiologists will join El Segundo, Calif.-based Radiology Partners. Here are five things to know about the exit: 1. According to an April 30 news release, the transition agreement will shift Envision’s 400 radiologists to employment by Radiology Partners. 2. The agreement seeks to avoid […]
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