Under the agreement, five physicians from the eight-member group will become employees at Lawrence Memorial. The physicians will continue their work at the practice, which was rebranded Reed Internal Medicine, according to the report.
Lawrence Memorial officials told the Journal-World Reed Medical physicians initially approached them about a potential acquisition.
More articles on transaction and valuations:
6 large-scale healthcare transactions awaiting regulatory approval
District board delays vote to terminate Huntsville Hospital management contract
Partners, Massachusetts Eye and Ear merger faces state scrutiny
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
