Northwest announced plans to acquire Affinity earlier this year. A hospital representative said in the report it plans to acquire other groups in the next few years.
Northwest’s CEO Bruce Crowther said increased employment of physicians is a result of increasing demands and decreased reimbursement for physician practices. He added the days of one- or two- physicians practices “are numbered, especially over the next five years.”
Read the Daily Herald report on Affinity Healthcare.
Read more coverage on hospitals acquiring physician practices:
– North Carolina Family Practice Clinic Joins High Point Regional Hospital
– Independent Medical Practice: Does Healthcare Reform Mark the Beginning of the End?
