Mergers and Acquisitions

Half of private equity-owned physician practices are resold within 3 years

April 19, 2024 - More than half of private equity-acquired physician practices underwent an exit within three years of acquisition, with most practices being resold to other private equity firms, according to a study published in Health Affairs Scholar. When private equity firms acquire physician practices or other healthcare organizations, the intended end goal is...


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About 1 in 5 healthcare bankruptcies in 2023 owned by PE firms

by Jacqueline LaPointe

A new report reveals a record year for healthcare bankruptcies as more private equity-owned companies filed for bankruptcy in 2023. There were approximately 80 healthcare bankruptcies last year,...

Hospital merger and acquisition activity generated $12B in Q1 2024

by Victoria Bailey

Hospital merger and acquisition activity in quarter one of 2024 hit a first-quarter high since 2020, with 20 announced transactions generating $12 billion, a Kaufman Hall report found. The number of...

Nearly 4 of 5 physicians employed by hospitals, corporations

by Jacqueline LaPointe

Widespread consolidation in healthcare is affecting physicians, according to a new report from the Physicians Advocacy Institute (PAI) and Avalere Health. The report analyzed updated data from IQVIA...

Risant Health completes Geisinger acquisition

by Jacqueline LaPointe

Washington DC-based Risant Health recently announced the complete acquisition of Geisinger, a health system in Pennsylvania that serves approximately 1.2 million people. The 10-hospital system, with...

PE Practice Ownership Raises Concerns About Competition

by Jacqueline LaPointe

It is well known that private equity (PE) firms have invested heavily in physician practices, but a new study sheds light on how these practice acquisitions could impact competition in many areas. The...

What’s Behind Private Equity’s Interest in RCM Vendors

by Jacqueline LaPointe

A major offer from a private equity firm is making waves in the revenue cycle management (RCM) vendor space, showcasing private equity’s interest in RCM vendors and software. New Mountain Capital, a private equity and capital firm...

R1 RCM May Go Private After $5.8B Private Equity Offer

by Jacqueline LaPointe

R1 RCM has received an offer from private equity firm New Mountain Capital that would prompt the revenue cycle management vendor to go private, according to a regulatory filing. New Mountain Capital...

Revenue Cycle Management, AI Take Center Stage in 2024

by Jacqueline LaPointe

Healthcare CFOs are optimistic about the financial outlook this year as their organizations put revenue cycle management, dealmaking, and technology investments on the top of their priority lists. The...

Financial Distress Drove 2023 Merger and Acquisition Activity

by Victoria Bailey

Healthcare merger and acquisition activity increased in 2023, with many transactions driven by financial distress, a Kaufman Hall report revealed. In 2022, merger and acquisition activity rebounded...

Private Equity Acquisition Tied to More Hospital-Acquired Conditions

by Victoria Bailey

Private equity acquisition of hospitals was associated with an increase in hospital-acquired conditions, including falls and central line-associated bloodstream infections, a study published in JAMA...

NC Attorney General Sues HCA After Quality of Care Complaints

by Jacqueline LaPointe

North Carolina Attorney General Josh Stein is suing HCA Healthcare for failing to comply with an asset purchase agreement it executed when it purchased Mission Health System in 2019. The case alleges...

R1 to Acquire Providence’s RCM Company Acclara

by Jacqueline LaPointe

R1 RCM Inc. recently announced plans to acquire the technology-driven revenue cycle management company Acclara from Providence. The revenue cycle management solutions vendor signed a definitive...

Henry Ford, Ascension Michigan to Form Joint Venture

by Jacqueline LaPointe

Henry Ford Health System and Ascension Michigan have signed an agreement to enter a joint venture that would bring together Ascension’s southeast Michigan and Genesys healthcare facilities and...

Financial Challenges Drove Healthcare Merger and Acquisition Activity

by Victoria Bailey

Healthcare merger and acquisition activity continues to rebound to pre-pandemic levels, with many transactions in the third quarter of 2023 driven by financial challenges, according to a Kaufman Hall...

As Hospitals Consolidate, Medicaid Patients Have Fewer Options

by Jacqueline LaPointe

Access to care for Medicaid patients declines as hospital markets become more concentrated following mergers and acquisitions, a new research brief from the National Institute for Health Care...

Dana-Farber, Beth Israel Team Up To Create a Cancer Hospital

by Jacqueline LaPointe

Dana Farber Cancer Institute (Dana-Farber) is cutting ties with Brigham and Women’s Hospital to build a freestanding cancer hospital with another Boston healthcare leader. The specialty provider...

As PCPs Integrate With Health Systems, Steering Increases Costs

by Jacqueline LaPointe

A new study out of Harvard University links vertical relationships between primary care physicians (PCPs) and health systems to “steering,” in which providers refer patients to specialists...

Private Equity Acquisitions Come with Growing Antitrust Concerns

by Victoria Bailey

In some instances, private equity acquisitions have pro-competitive benefits for physician practices, Diane Hazel, partner at Foley & Lardner, told RevCycleIntelligence. Private equity firms can help practices consolidate operations,...

Healthcare’s Interest in Private Credit, Other Funding Sources Grows

by Jacqueline LaPointe

There has been a lot of buzz around private equity's growing reach in healthcare, but providers have other options to fund growth. And one of those funding sources is gaining popularity. "Private credit is filling a void right now,"...