Recap of Cain Brothers Industry Insights

Recap of Cain Brothers Industry Insights

by | May 1, 2023 1:29 pm | Healthcare M&A News Leads | 0 comments

Last week, Jonah Schutzman, of Cain Brothers, provided banker commentary on the current state of physician specialty consolidation in the company’s weekly Industry Insights report. In short, the pandemic ignited an acceleration of consolidation among physicians with non-IDN (integrated delivery network) corporations that included insurers, private equity groups and non-provider umbrella organizations at the forefront. The report referenced data from an Avalere and Physicians Advocacy Institute report showing that three out of four physicians are employed by a non-physician-owned company, which represents a 19% increase from the previous three years. In contrast, hospitals employ more than... Read More »
Quest Diagnostics Acquires Lab Division from Mercy

Quest Diagnostics Acquires Lab Division from Mercy

by | Mar 16, 2021 8:00 am | Laboratories, MRI & Dialysis | 0 comments

In an effort to expand its network, Quest Diagnostics (NYSE: DGX) has announced a deal with not-for-profit Mercy, a multi-state healthcare system. Quest is acquiring the health system’s outreach laboratory services business, which currently operates from 29 hospital laboratories and two independent clinic laboratories in Arkansas, Kansas, Missouri and Oklahoma.  No terms were disclosed in the all-cash transaction, but under the agreement, testing associated with outreach lab services will transition to the Quest Diagnostics full-service laboratory in Lenexa, Kansas, and a network of rapid response laboratories across the region. Mercy will continue to wholly own and operate its hospital... Read More »
It’s When, Not If, for Bundled Payments

It’s When, Not If, for Bundled Payments

by | Dec 3, 2017 4:58 pm | Managed Care | 0 comments

If you think the Bundled Payment Care Improvement(BPCI) initiative is a thing of the past, think again. Even though the Centers for Medicare and Medicaid Services (CMS) issued a final rule cancelling the episode payment models, that method of reimbursement is embedded in the healthcare system. That’s the strong opinion of a panel of industry players we assembled for our webinar, “Bundled Payments: The Changing Outlook on Post-Acute Care,” on November 30, 2017, the same day that CMS made the announcement. Here’s what Chris Garcia, CEO of Remedy Partners, and Eugene Goldenberg, VP at Cain Brothers, and Rich Tinsley, CEO of Stoneridge Partners, had to say. Garcia had... Read More »

MEDNAX’ MedData Adds RCM Company

by | Jun 16, 2016 8:25 am | eHealth, Physician Medical Groups, Private Equity | 0 comments

MedData, Inc. made its second acquisition this year. The MEDNAX (NYSE: MD) subsidiary agreed to pay $400 million for revenue cycle management (RCM) company Cardon Outreach LLC, a portfolio company of Serent Capital.  Cardon Outreach provides specialized eligibility assistance, accounts receivable recovery services, third-party liability and other services. Cardon Outreach works with more than 800 hospitals and other healthcare facilities in 46 states. The acquisition is expected to be accretive to GAAP earnings. MEDNAX anticipates the acquisition will add an initial $0.06 in annualized diluted earnings per share and $0.14 in annualized adjusted earnings per share. Cain Brothers is... Read More »