Penn Medicine has hired more than 40 physicians-in-training who were displaced by the closing of Upland, Pa.-based Crozer Health, according to a May 9 report from The Philadelphia Inquirer. The system added 26 family medicine residents from Crozer, which shuttered its final hospital May 2. In addition, Penn Medicine is hiring all 12 of Crozer’s […]
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Brentwood, Tenn.-based ASC chain Surgery Partners recorded $776 million in revenue during the first quarter of 2025, an increase of 8.2% compared to the first quarter of 2024. Here are nine more notes, according to a May 12 news release from the company.
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There have been numerous ASCs and physician practices that have closed in the first months of 2025 for a range of reasons. Rising operational costs, staffing shortages and stagnant reimbursements rates are among the most common factors in the closures. Here are the practices and ASCs closing so far this year, as reported by Becker’s.
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Here are seven updates to know on Dallas-based Tenet Healthcare, the parent company of ASC giant United Surgical Partners International, that Becker’s has reported on so far this year:
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Rite Aid is once again pursuing Chapter 11 bankruptcy protection, marking the second filing in less than two years, as it seeks to sell “substantially all” of its assets. Here are five things to know: 1. The company is currently in active discussions with multiple potential buyers. To support operations during the sale process, Rite […]
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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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