18 Hospitals Recently Acquiring or Merging With Physician Groups
2. Columbia, Md.-based MedStar Health is in discussions to acquire Cardiology Associates, a cardiology practice with six locations throughout the metro Washington, D.C.-area. The health system, which operates nine hospitals, and the 27-physician practice expect to finalize the deal by February.
3. A unique partnership between Austin, Texas-based Seton Family of Hospitals and Austin Regional Clinic will bring Seton Heart Institute cardiologists to ARC primary care locations in the area.
4. Black Hills Neurology in Rapid City, S.D., joined Rapid City Regional Hospital, part of Regional Health, based in Rapid City.
5. Camden, N.J.-based Lourdes Health System acquired Associated Cardiovascular Consultants, one of the largest private cardiology groups in South Jersey with 31 physicians.
6. GW Medical Faculty Associates, the faculty physician arm of George Washington University, based in Washington, D.C., announced plans to add roughly 450 physicians to its group in the next five years by acquiring independent physician practices.
7. Infinity Primary Care joined the Henry Ford Physician Network, part of Detroit-based Henry Ford Health System. The network includes the Henry Ford Medical Group.
8. CGH Medical Center in Sterling, Ill., finalized its merger with Sterling Rock Falls Clinic. The deal brings the Sterling-based primary and specialty physician office into the CGH system, making it an integrated organization.
9. Springfield, Ill.-based HSHS Medical Group, affiliated with St. John's Hospital, acquired Chatham (Ill.) Family Practice. The practice has three physicians. Financial terms of the acquisition were not disclosed, but the deal did not involve a cash transaction, according to the report.
10. Arlington, Texas-based Texas Health Resources acquired MedicalEdge Healthcare Group, one of the largest independent physician practice groups in North Texas featuring 250 locations and employing more than 420 physicians and physician extenders.
11. Wilkes-Barre (Pa.) General Hospital, part of the Wyoming Valley Health Care System, acquired Intermountain Medical Group, a multispecialty practice. As part of the deal, the practice's 52 physicians will become part of the health system. Wilkes-Barre will take over the group's nearly 30 locations, including its diagnostic imaging center, diagnostic lab, physical therapy center and sleep lab.
12. Appleton (Wisc.) Cardiology Associates integrated with Appleton-based ThedaCare, effective Dec. 31, 2010. As part of the deal, ThedaCare acquires ACA's assets and will employ the practice's 16 physicians, seven nurse practitioners and physician assistants and 110 staff members.
13. Ann Arbor, Mich.-based St. Joseph Mercy Health System completed its acquisition of Michigan Heart, a cardiology practice based in Superior Township, Mich. St. Joseph has said it will retain all employees from the 33-physician practice, which has eight locations.
14. Heart and Vascular Institute of Florida South in St. Petersburg, Fla., merged with Northside Hospital in St. Petersburg, Fla. The deal will expand Northside's Tampa Bay Heart Institute. Heart and Vascular Institute's 16 physicians and 100 employees become part of Tampa Bay Heart.
15. Family Medicine Clinic of Sibley, Iowa, joined the Avera Medical Group network and is now owned by Avera McKennan Hospital & University Health Center, both in Sioux Falls, S.D. The transaction went into effect Jan. 1. The new name of the clinic is Avera Medical Group, Sibley.
16. Greater Cincinnati Associated Physicians is splitting up, with physicians negotiating or joining two different healthcare systems and a handful remaining in private practice. Five GCAP physicians will join TriHealth, a hospital networked based in Cincinnati. Four physicians will remain in private practice while 26 others are negotiating with Mercy Health Partners, a seven-hospital system in northwest Ohio and southwest Michigan. TriHealth and Mercy are two of the largest healthcare systems in the region.
17. Raleigh, N.C.-based WakeMed Health & Hospitals has added three physician practices to its physician practices division. Physician practices joining WakeMed include Carolina Cardiology Consultants, Holly Springs Medical Group and North Wake Cardiovascular Center.
18. New Bern, N.C.-based CarolinaEast Health System acquired East Carolina Internal Medicine based in Pollocksville, N.C., on Jan. 1. ECIM is now CarolinaEast Internal Medicine and employes more than 350 physicians and staff, bringing the health system to more than 2,100 employees.
© Copyright ASC COMMUNICATIONS 2012. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.