Spotlight on Cardiology and the Mounting Interest from Private Equity

Spotlight on Cardiology and the Mounting Interest from Private Equity

by | Mar 16, 2023 11:00 am | Physician Medical Groups, Private Equity | 0 comments

Cardiology has been described as the “hot commodity” among private equity groups looking to increase investment in healthcare. Factors including significant patient demand for the services, more procedures shifting to outpatient settings, and the smaller number of existing independent practices compared to cardiologists working for health systems, have fostered competition in the sector and driven valuations higher than in any other specialty. A number of private equity firms have established platforms including Webster Equity Partners with Cardiovascular Associates of America, Ares Management and US Heart and Vascular, and Varsity Healthcare... Read More »
Physician Practice Deals Down 15% in Q3:17

Physician Practice Deals Down 15% in Q3:17

by | Nov 20, 2017 8:57 pm | Physician Medical Groups | 0 comments

Physician medical groups are still hot properties, of course. But the rate of consolidation within the industry accelerated rapidly in the past two years, and it was inevitable the pace would slacken at some point. The 28 acquisitions announced in the third quarter represent 19% of the 145 deals announced in the previous 12 months. Deal volume was down 10% compared with the previous quarter, and down 15% versus the same quarter a year earlier. Longer payment cycles associated with value-based reimbursement is just one reason many physician practices have joined larger groups or health systems. Electronic medical records, revenue cycle management and billing are all necessities for today’s... Read More »

Dealing in Doc Groups Grows in 2017

by | Aug 18, 2017 5:46 pm | Physician Medical Groups | 0 comments

For the Physician Medical Group sector, this year is shaping up to rival 2016’s merger and acquisition activity. Two multi-billion-dollar deals have been announced, through the middle of August. Two such deals were announced in 2016, although they were for larger amounts. So far in 2017, 104 transactions for physician practices have been made public, just 20% lower than the 2016 total of 130 deals. There’s still time to catch up to that recent high, obviously. Spending is a different story, as usual. Through mid-August, nearly $5.5 billion has been committed to finance these doctor deals, which is 59% lower than the full-year total of $13.3 billion in 2016. The latest major... Read More »