A legal fight between a New York radiologist and his former practice over a $20 million private equity deal has come to an end, according to court documents. Gregory Ball, MD, Southtowns Radiology Associates and the other parties in the…
Transactions + Private Equity
San Ramon, Calif.-based Hill Physicians Medical Group has agreed to have the Santa Clara County Independent Practice Association join its enterprise, according to an Oct. 29 news release. As part of the deal, Hill Physicians would also acquire the IPA’s…
After a decade of private equity deals and practice consolidation, orthopedic surgeons at an Illinois ASC say younger surgeons are becoming more skeptical of giving up control of their practices. “It used to be coming out of residency that 70%…
Philadelphia-based Thomas Jefferson University is set to acquire Pottstown (Pa.) Medical Specialists, a 48-year-old physician-owned group, after the group canceled its bankruptcy auction and named Jefferson the successful bidder. Pottstown Medical Specialists filed for Chapter 11 on Aug. 30 in…
Drug distributor Cencora plans to buy American Oncology Network, which takes it further into physician practice management. Analysts see the deal as a continuation of Cencora’s current strategy, not a pivot. Conshohocken, Pa.-based Cencora announced the definitive agreement Oct. 21.…
Advertisement
Harrisonburg, Va.-based Harrisonburg Family Practice has been acquired by Fishersville, Va.-based Augusta Health, according to an Oct. 15 news release. The seven-physician practice has served the Harrisonburg community for 50 years. It provides family medicine for patients of all ages,…
The District of Columbia’s Office of the Attorney General has asked a court to extend its review of the transfer of Washington, D.C.-based George Washington University’s physician group to a nonprofit controlled by Universal Health Services, The GW Hatchet reported…
Strategic health systems may become a more viable exit, although complex, option for private equity-backed physician practice management platforms as sponsor-to-sponsor deals slow and hold periods lengthen, according to a Sept. 29 blog post from VMG Health. Here are five…
A federal bill introduced Sept. 16 would do more than bar private equity firms from owning physician practices. It targets the management services organization structure PE-backed platforms have used to operate in corporate practice of medicine states, and it would…
Schenectady, N.Y.-based Ellis Medicine has acquired CareNet Medical Group, an independent women’s health and OB-GYN practice that has served the Capital Region since 1983, according to a Sept. 9 news release. CareNet’s four physicians and one physician assistant, previously based…