Practice Management
Northwell Health this week announced the completion of its acquisition of Nuvance Health, resulting in the establishment of an integrated regional health system serving the greater New York and Connecticut areas. This new nonprofit entity will serve a combined population of about 13 million consumers with an annual budget of $22.6 billion and a workforce of more than 104,000 employees, including 22,000 nurses and 13,500 providers. The deal brings the network up to 28 hospitals, …
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After nearly 100 years as a publicly traded company, Walgreens is going private as part and parcel of a $10 billion buyout deal with private-equity firm Sycamore Partners. The company is on-task to sell Village Medical, Summit Health and CityMD clinic brands, all of which are operated under the VillageMD line of business. Many saw this massive leveraged buyout coming, although the on-again, off-again speculation hinted at prolonged negotiations. For the moment, there is no …
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American Family Care (AFC), has acquired 3 Urgent Medcare locations, previously owned by CRH Healthcare. The newly acquired clinics are located in greater Huntsville, Alabama. AFC plans to complete the openings of more than 40 new urgent care, primary care, and occupational medicine locations this year, following the openings of 64 rooftops in 17 states last year, according to a press release. In all, the company has 370 locations. CRH Healthcare has 85 locations in …
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California Gov. Gavin Newsom has vetoed a bill that was designed to require state approval for healthcare merger and acquisition deals involving private investors. The scrutiny was meant to increase oversight of private equity and hedge fund ownership transactions that have the potential to lead to consolidations and closures of healthcare provider operations. However, it’s important to note the reason behind the veto. Newsom reasoned that California has an existing Office of Health Care Affordability …
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