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Waco Family Medicine Acquires Ascension’s Midwifery clinic and Hillsboro clinic 

Waco Family Medicine Acquires Ascension’s Midwifery clinic and Hillsboro clinic 

by | Dec 12, 2023 12:59 pm | Other Services

Ascension announced that it was selling two Texas clinics to Waco Family Medicine. According to data captured in the LevinPro HC database, this transaction represents the 37th health clinic acquisition of 2023.   The clinics consist of a midwifery clinic in Waco and a general health clinic in Hillsboro. The midwifery Clinic is located at the Ascension Providence Hospital and has four midwives on staff.  Waco Family Medicine provides a wide variety of healthcare services out of 17 locations in Texas, all in the Waco MSA.  Both clinics will remain in their current locations, and all current services will continue to be offered. The press release said that there are plans to... Read More »
Bain Capital-Backed Surgery Partners Acquires Nevada Surgical Suites 

Bain Capital-Backed Surgery Partners Acquires Nevada Surgical Suites 

by | Dec 12, 2023 11:25 am | Ambulatory Surgery Centers, Private Equity

Surgery Partners, Inc., backed by Bain Capital, announced that it has expanded its ambulatory surgery center (ASC) presence with the acquisition of Nevada Surgical Suites (NSS).  NSS founded in 2009 by Dr. Alain Coppel, is a portfolio of ASCs affiliated with the premier provider of outpatient interventional pain management in Nevada. It has two locations in Las Vegas.   Surgery Partners is a leading operator of surgical facilities and ancillary services with more than 180 locations nationwide. It is based out of Brentwood, Tennessee.   Hyde Park Capital served as the exclusive investment banker and financial advisor to NSS. Epstein Becker Green served as legal counsel to... Read More »
Sentara Health Becomes Sole Owner of Velocity Urgent Care

Sentara Health Becomes Sole Owner of Velocity Urgent Care

by | Dec 6, 2023 1:52 pm | Other Services, Urgent Care Centers

Sentara Health has become the sole owner of Velocity Urgent Care. In conjunction with a third party, Sentara has been working in partnership with Velocity Urgent Care since December 2017 when Sentara transferred operations of seven Sentara Urgent Care facilities in the Hampton Roads area to the Velocity joint venture.   Velocity Urgent Care is a Virginia-based urgent care clinic providing extended hours care for illnesses, injuries, aches and pains. Velocity is comprised of 17 urgent care locations across Virginia with nearly 200 employees. It has plans to open a new location in early 2024 in Elizabeth City, North Carolina.   Sentara Health is a not-for-profit healthcare organization... Read More »
Transitioning to Value-Based Care: Financial Implications for Providers and Policymakers 

Transitioning to Value-Based Care: Financial Implications for Providers and Policymakers 

by | Dec 6, 2023 1:51 pm | Other Services

Berkeley Research Group, LLC (BRG), a global consulting firm, released a report that details the costs of value-based care (VBC). The report, called “Transitioning to Value-Based Care: Financial Implications for Providers and Policymakers,” was released November 15, 2023 and was prepared by Managing Director John Barkett.   The idea behind VBC is straightforward: “hold providers accountable for the total cost and quality of their patients’ care, and providers will redesign their practices in ways that eliminate waste and improve the health of their patients.”  While the idea is fairly simple, there are, of course, snags and financial aspects to consider. In the report,... Read More »
HCA Houston Healthcare Acquires 11 SignatureCare Emergency Centers

HCA Houston Healthcare Acquires 11 SignatureCare Emergency Centers

by | Dec 5, 2023 10:40 am | Other Services

HCA Houston Healthcare announced that it acquired 11 emergency centers from SignatureCare Emergency Centers for an undisclosed price. SignatureCare Emergency Centers, is a network of emergency care centers across Texas.   The emergency care centers are located in Atascocita, Bellaire, Copperfield, Cypress, Memorial City, Mission Bend, Montrose, Spring, Stafford, Heights and Westchase, Texas. The centers are open 24/7 and provide care for the full continuum of emergency care.  HCA Houston Healthcare is part of HCA Healthcare’s Gulf Coast Division, a comprehensive network of hospitals, outpatient surgery centers, emergency centers and diagnostic imaging facilities in... Read More »
Private Equity Interest in Pain Management ‘Starting to Heat Up’

Private Equity Interest in Pain Management ‘Starting to Heat Up’

by | Dec 5, 2023 8:52 am | Other Services, Physician Medical Groups, Private Equity

More than 20% of American adults suffer from chronic pain, and research from the National Institutes of Health shows that only about 1 in 10 people experience a full recovery within a year. Numbers like these indicate a strong need for improved pain management services – and after years of wariness, many in the private equity community are now showing interest. “It’s a smaller niche market that was, to some extent, overlooked by private equity given its perceived risk in the context of the opioid crisis,” says Eric Major, a Managing Director at Provident Healthcare Partners. But now, he says interest is “starting to heat up.”  One possible reason is a growing emphasis on... Read More »