Connecticut office of health strategy launches inquiry into VillageMD deal

The Connecticut Office of Health Strategy has launched an inquiry into the acquisition of Rocky Hill-based Starling Physicians by VillageMD, according to a March 13 report from Hartford Business Journal.

Advertisement

Starling Physicians is a primary care and multispecialty physician group that currently operates more than 30 locations across Connecticut. The acquisition closed March 1 and was announced March 3.

However, Certificate of Need Supervisor Steven Lazarus told Hartford Business Journal neither parties involved in the transaction filed a merger application with OHS. The office is now launching an inquiry to determine whether a certificate of need and state approval is required. 

State law requires a certificate of need when there is a transfer in ownership “of a large group practice to any entity other than a physician, or group of two or more physicians, legally organized in a partnership, professional corporation or limited liability company,” the report said.

Read more on the transaction here.

At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.

Register to Attend Webinar

Beyond go-live: Scaling autonomous coding across the enterprise

Tuesday, August 25
1:00 PM - 2:00 PM CDT

Presenters: Brytani Griner, MS, RHIA, CRCR, CHFP, Ensemble Health PartnersBrinton Frisby, Solventum

Advertisement

Next Up in Transactions + Private Equity

Advertisement

Comments are closed.