Fifty-one Arizona medical providers currently affiliated with Peoria-based Arizona Primary Care Physicians will form a new physicians group — Summit Medical Group Arizona — under a partnership agreement with Summit Health Management of New Jersey.
Transactions & Valuation Issues
On average, acquired hospitals experience a two-year decline in operating margins, revenue and expenses, according to a survey conducted by Deloitte Center for Health Solutions in collaboration with the Healthcare Financial Management Association.
Dallas-based Tenet Healthcare has reached a definitive agreement to sell MacNeal Hospital, a 368-bed community hospital in Berwyn, Ill., and its affiliated operations to Chicago-based Loyola Medicine.
The axiom “size and scale matter” has become a business truism for good reason.
CoxHealth, a five-hospital system in Springfield, Mo., signed a letter of intent to acquire Barton County Memorial Hospital in Lamar, Mo., Oct. 10.
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Catholic Health System, a five-hospital system in Buffalo, N.Y., expanded its partnership with Buffalo Medical Group, a group physician practice with four main New York locations in Buffalo, Williamsville and Orchard Park, according to Buffalo First News.
Temple University Hospital, a 722-bed academic medical center in Philadelphia, entered into a strategic partnership Oct. 10 with Bethlehem, Pa.-based St. Luke's University Health Network to streamline coordination of care for select transplant services.
Cleveland Clinic linked up with Anthem Blue Cross and Blue Shield in Ohio to offer a Medicare Advantage plan, cleveland.com reports.
Metairie, La.-based East Jefferson General Hospital's board of directors signed a letter of intent Oct. 10 to lease the facility to New Orleans-based University Healthcare System.
Rather than permanently shutter one of its clinics, Louisville-based KentuckyOne Health transferred ownership of Westside Medical Center Primary Care Clinic to Family Health Centers, both in Louisville, at no charge, according to Louisville Business First.