For one CEO, the biggest opportunity for growth is a joint venture between ASC owners and anesthesia providers. Five leaders in anesthesiology spoke with Becker’s ASC Review on the biggest growth opportunities within the industry.
National Partners in Healthcare (NPH), a national healthcare organization delivering best in class anesthesiology services, announced Wednesday that Southwest Anesthesia Partners (SWAP) has joined NPH. “We are thrilled to partner with NPH here in Arizona. NPH’s industry leading business expertise, clinical quality programs, and collaborative relationships with anesthesia providers, healthcare facilities and payers stands-out as the best partnership for SWAP as well as anesthesia groups in the country,” said Kurt Budenbender, DO, Managing Partner of Southwest Anesthesia Partners.
National Partners in Healthcare (NPH), a national healthcare organization delivering best in class anesthesiology services, announced Wednesday that Copper Canyon Anesthesia has joined NPH. “We are extremely excited about the addition of Copper Canyon to our NPH family and know that we have partnered with yet another group of high-quality anesthesia providers serving the Phoenix community,” said Mike Saunders, CEO of NPH.
WELL Health Technologies Corp. (TSX: WELL) (“WELL” or the “Company”), a company focused on consolidating and modernizing clinical and digital assets within the healthcare sector, is pleased to announce its wholly owned subsidiary, CRH, has completed an accretive transaction of a 51% stake in Greater Washington Anesthesia Associates, LLC (“GWAA”), a provider of gastro-intestinal (GI) related anesthesia services at two locations in Northern Virginia.
Community Regional Anesthesia Medical Group is seeking Chapter 11 protection, which allows for reorganizing the business and paying back creditors – in this case, Community Medical Centers. It filed a Chapter 11 Petition with the United States Bankruptcy Court in Fresno Tuesday. Community Regional Anesthesia Medical Group provides anesthesia services to Community Medical Centers at its three major hospitals: Clovis Community Medical Center, Community Regional Medical Center and Fresno Heart and Surgical Hospital.
The prevailing view among most anesthesia providers is that their patient populations are slowly aging. To assess the impact of demographic trends on its clients, Anesthesia Business Consultants conducted a review of 20 large groups from all across the country based on changing age and gender patterns over a period of five years, from 2016 to 2020. Curiously, the percentage of patients over 65 actually decreased from 2016 to 2020, from 45 percent of the total patient population to 40 percent. This may or may not be good news, depending on one’s perspective.
WELL Health Technologies Corp. (TSX: WELL) (“WELL” or the “Company”), a company focused on consolidating and modernizing clinical and digital assets within the healthcare sector, is pleased to announce its wholly owned subsidiary, CRH Medical Corporation (“CRH”), has completed two accretive transactions whereby the company has acquired a 51% stake in Northern Indiana Anesthesia Associates, LLC (“NIAA”) and an add-on practice in Bradenton, Florida which will be part of CRH affiliate, FDHS Anesthesia, LLC (“FDHS”).
ICON Medical Network Holdings (ICON), a national locum tenens provider creating solutions for physician and advanced practice staffing, has acquired Independence Anesthesia Services (Independence), an anesthesia provider agency with over 17 years of experience representing locum tenens provider assignments. The strategic acquisition will help in meeting the needs of healthcare staffing across the nation.
WELL Health Technologies Corp. (TSX: WELL) (“WELL” or the “Company”), a company focused on consolidating and modernizing clinical and digital assets within the healthcare sector, is pleased to announce its wholly owned subsidiary, CRH Medical Corporation (“CRH”), has completed an accretive transaction whereby the company has acquired an 85% stake in New England Anesthesia Associates LLC (“NEAA”) effective May 1, 2021. NEAA provides anesthesia services to an ambulatory surgical center in Guilford, Connecticut along with other staffing services that serve the surrounding region. It represents CRH’s 34th acquisition to date.
Ontario Teachers’ Pension Plan is seeking a buyer for PhyMed Healthcare Group, the provider of anesthesia services it bought more than six years ago, according to people familiar with the matter.
We publish a Daily Note that aggregates M&A activity, notable developments, regulatory changes, and conferences we deem to be of interest to our partners. It is a quick afternoon read and an easy way to keep your finger on the pulse of the healthcare space. Please fill in your name and email address below if you wish to subscribe.