Hospitals Buying Physicians: 15 Recent Transactions

The following transactions between hospitals and physician groups took place within recent weeks, beginning with the most recent.

1. Steward Grabs 90 More Physicians, This Time From Partners HealthCare in Boston
Boston-based Steward Health Care System grabbed a 90-physician group from local competitor Partners HealthCare. Compass Medical, a group of 90 physicians in eight offices, will join for-profit Steward, based in Boston. It was affiliated with Boston-based Partners, the parent system to Massachusetts General and Brigham and Women's, for 16 years before this development, but its contract was set to expire Jan. 1. Steward and Compass officials declined comment on the financial details of the new affiliation.  

2. Neurosurgeons Leave Doctors Hospital in Florida for Community Hospital
A team of neurosurgeons is leaving Doctors Hospital in Coral Gables (Fla.) to be part of a new neurosurgery center established by Larkin Community Hospital in South Miami. The group, Miami Neuroscience Center, was based at Doctors for 18 years. The new center will open Jan. 3.

3. Ohio's Fairfield Medical Center Acquires Diagnostic Imaging Practice
Fairfield Medical Center in Lancaster, Ohio, has acquired Fairfield Diagnostic Imaging. FDI will become a department of FMC but will keep its original name and staff. The center includes X-Ray, CT scans, ultrasounds, MRIs, bone density scans and other imaging services.  

4. 14 Physicians Leave Westchester Medical Center in N.Y.; Patients Referred Elsewhere
Westchester Medical Center in Valhalla, N.Y. is in a state of reorganization and trying to expand cardiology services after 14 cardiologists left the hospital after a 30-year alliance. The physicians were with Cardiology Consultants of Westchester and reportedly left over concerns about hospital finances and control over patient care. They joined NewYork-Presbyterian Columbia University Medical Center and no longer refer patients to WMC

5. St. Joseph's Hospital in Phoenix Partners With Arizona Cancer Center
St. Joseph's Hospital and Medical Center in Phoenix has partnered with the Arizona Cancer Center for cancer research and patient care. The affiliation precedes the development of ACC's $135 million cancer center in downtown Phoenix, which is expected to open by 2014. Under the agreement, ACC physicians and staff can work with St. Joseph's on clinical research while also working in the hospital's facilities.

6. MD Anderson in Houston Nabs 55 Cancer Scientists From Dana-Farber in Boston
Houston-based MD Anderson Cancer Center has "recruited" 55 scientists from Dana-Farber Cancer Institute in Boston to work in the field of cancer drug development. MD Anderson reportedly pledged $75 million for the personnel, who will work in the center's Institute for Applied Cancer Science. The group consists of 28 researchers and 27 post-doctorates and PhD students.

7. UC San Diego Health Acquires Nevada Cancer Institute
University of California, San Diego Health System plans to acquire Nevada Cancer Institute in Las Vegas. Under the deal, UC San Diego will acquire the outpatient cancer treatment facility and its operations. In advance of the sale, NVCI plans to file for Chapter 11 bankruptcy protection and restructure its debt. The sale is expected to close in early 2012.

8. Florida Hospital to Acquire Winter Park Urology
Florida Hospital Medical Group, part of Florida Hospital in Orlando, plans to acquire Winter Park (Fla.) Urology. Under the proposed deal, Florida Hospital would acquire the 15-physician urology group's practice, surgery center and radiation oncology clinic.

9. Methodist Le Bonheur Acquires Family Practice Clinic
Memphis, Tenn.-based Methodist Le Bonheur Healthcare has acquired Peabody Family Care in Memphis. Under the deal, effective Dec. 1, the practice's three physicians will become employees of Methodist.

10. Tenet's Brookwood Medical Center Acquires Cardiology Group
Tenet Healthcare's Brookwood Medical Center in Birmingham, Ala., has acquired CardioVascular Associates PC. Under the deal, Brookwood will employ the 28 physicians of the group and its 195 employees, and will expand to a new location in McCalla, Ala.

11. Maryland's Adventist Healthcare Forms JV With 700-Physician GW Medical Group
Rockville, Md.-based Adventist Healthcare has given up some corporate control and formed a joint venture with a group of 700 independent physicians based in Washington, D.C. With physicians in 48 specialties, George Washington Medical Faculty Associates is the largest independent physician group in metropolitan Washington. It will be primarily responsible for business functions and contracting with physicians in the joint venture. Financial details were not disclosed.

12. Overlake Hospital in Washington Acquires Issaquah Medical Group
Overlake Hospital Medical Center in Bellevue, Wash., has acquired Issaquah (Wash.) Medical Group. By acquiring the practice, the 349-bed Overlake added two primary care physicians and one advanced registered nurse practitioner to its ranks.

13. Hennepin County Medical Center in Minneapolis, Physicians Group to Merge
Hennepin County Medical Center in Minneapolis and Hennepin Faculty Associates, an independent physician group, plan to merge. The group includes 320 physicians and dentists and approximately 1,000 employees.

14. Cleveland Clinic Acquires North Coast Cancer Care
Cleveland Clinic has acquired North Coast Cancer Care, a full-service cancer treatment center based in Sandusky, Ohio. NCCC and its seven physicians are now part of the Clinic's Taussic Cancer Institute. NCCC will continue to provide outpatient cancer services at its three locations. Steven G. Roshon, MD, FACP, the former president of NCCC, will serve as the department chair of Taussic. Financial terms were not disclosed.

15. CA's Marin General Hospital to Acquire County's "Dominant" Cardiovascular Practice
Marin General Hospital in Greenbrae, Calif., has been approved to acquire Cardiovascular Associates of Marin and San Francisco. The hospital plans to contract with the practice's 14 physicians to co-manage the business. The deal will nearly double the number of Marin physicians working in Marin General-operated clinics.


Related Articles on Hospital-Physician Relationships:

What Does 2012 Hold for Physician-Hospital Relationships?
Teaching Hospitals Face Double-Bind Over Cuts to Residency Programs
Only 9 Percent of Physicians Feel Ready for "Business Side" of Medicine


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