Efforts to keep Upland, Pa.-based Crozer Health’s two hospitals open continue as system leaders race to secure critical funding. Here’s the latest: Earlier in March, Crozer narrowly avoided closure when emergency funding was secured from the Foundation for Delaware County. The last-minute financial rescue followed a March 9 emergency meeting arranged by a federal bankruptcy […]
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Here are five recent ASC developments and acquisitions that are shaking up the industry: 1. St. Louis-based Ascension has been offloading ASCs in an effort to reorganize its portfolio and boost its financial performance. Recently, the system sold 35 outpatient clinics and an ASC from Ascension Michigan to South Bed, Ind.-based Beacon Health System. In […]
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CareMax filed for Chapter 11 bankruptcy protection Nov. 17, triggering a restructuring of the business, including divestment of major assets such as its MSO and clinic operations, according to an April 1 blog post from VMG Health. Here are nine things to know about the bankruptcy: 1. To streamline operations and address debt, CareMax sold […]
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Physician deals rebounded in 2024, driven largely by new players — pharmaceutical companies, insurers and pharmaceutical services providers, according to an April 2 blog post from VMG Health. Here are 10 things to know: 1. Economic conditions in 2023 and 2024 created many challenges to deal-making in the physician practice sector. Inflation and rising interest […]
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Bain Capital is close to inking a $2.6 billion deal to acquire healthcare software provider HealthEdge from private equity giant Blackstone, Private Equity Insights reported April 8. Here are three things to know: 1. Blackstone originally acquired HealthEdge in 2020 for $700 million during a surge in healthcare investment driven by the pandemic. Since then, […]
The post Bain Capital nears $2.6B health tech deal as Surgery Partners bid lingers appeared first on Becker’s ASC.
St. Louis-based Ascension continues to offload hospitals and ASCs in a bid to reorganize its portfolio and improve fiscal performance. Here are four notes on Ascension’s recent asset sales: 1. Ascension’s recent sale of four hospitals in southwest Michigan to South Bend, Ind.-based Beacon Health System represents a complete exit from the state. 2. The […]
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Providence, R.I.-based Anchor Medical Associates will close all three of its offices by June 30. According to an April 7 statement on the practice’s website, AMS will first close its Warwick (R.I.) Pediatric/Adult Medicine office, effective April 30. The other two office closures will follow by June 30. “The decision to close our practices has […]
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The Justice Department launched an anticompetitive regulations task force March 27 with the goal of identifying and eliminating federal and state regulations surrounding market competition, including in healthcare. Here are five notes on the initiative: 1. The initiative will operate within the department’s antitrust division and expand ongoing efforts to combat policies that the administration […]
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Medical outpatient facility Naperville (Ill.) Medical Center has been sold for $16.3 million, according to an April 4 report from the Chicago Business Journal. The 39,000-square-foot building is fully leased to Advocate Outpatient Center, an affiliate of Downers Grove, Ill.-based Advocate Health Care. It houses general surgery, primary care, physical therapy and cardiology services. Advocate […]
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In February, Walgreens Boots Alliance entered into a $10 billion definitive agreement with private equity firm Sycamore Partners to take the company private. The total value of the deal could reach as high as $23.7 billion and is expected to close in the fourth quarter of 2025. Under the agreement, Walgreens shareholders will receive $11.45 […]
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