According to a joint press release from Lancaster Health Center and Welsh Mountain Health Centers, both organizations will be merging. According to the release, the boards of the two organizations “unanimously approved” the merger on Oct. 29 after “months of due diligence and discussion.” LHC and WMHC currently provide primary care, dental care, behavioral health, and social services throughout Lancaster and Lebanon counties. Combined, they report serving over 35,000 patients across their locations. Both organizations are Federally Qualified Health Centers, and thus receive funds from the Health Resource & Services Administration. Therefore the merger requires state government approval, which will take a few months.
Jeffrey Le Benger, M.D., the CEO of New Jersey’s Summit Medical Group, shares with Healthcare Innovation his perspectives on what’s being learned among the more advanced multispecialty medical groups taking on risk.
Citing financial pressure from the COVID-19 pandemic, University Hospital in Augusta, Ga., plans to withdraw from its joint venture with a 400-member physician group, according to a letter obtained by local news station WJBF. University Hospital notified University Physicians Associates that it will remove its physicians and stop funding for University Health Link, the jointly owned physician-hospital organization that has about 30 managed care contracts. After University Hospital ends its participation, the physicians group will become completely independent.
Nampa Idaho-based Saltzer Health, a leading physician group in the Boise area, is joining Intermountain Healthcare, a not-for profit regional health system. Saltzer Health has been owned by Ball Ventures Ahlquist (BVA), a commercial development and strategic capital investment joint venture, since early 2019. The arrangement reached between Intermountain and BVA is expected to be finalized October 1. Saltzer Health employs 39 physicians and 39 advanced practice providers serving 102,000 patients annually at eight locations in Idaho’s Canyon and Ada counties, and provides primary, specialty, and urgent care services.
Concentra, the nation’s largest provider of occupational medicine, today announced that it has entered into a Stock Purchase Agreement and sold its Community Based Outpatient Clinics (CBOCs) to an affiliate of Trive Capital, a Dallas-based private equity firm. Valor Healthcare operates more than 35 CBOCs in the United States as a contractor for the U.S. Department of Veterans Affairs. It provides a full range of medical services to veterans tailored to the specific needs of local VA medical centers, including primary care, behavioral health, diagnostics, laboratory, telehealth and more.
Prospect Medical Group completed its acquisition of CalCare IPA and Los Angeles Medical Center IPA, both of which serve Los Angeles County, and Vantage Medical Group, which serves Riverside, San Bernardino, and San Diego counties, on Aug. 1. The three IPAs, with more than 7,000 providers, have five health plan agreements with payers responsible for approximately 100,000 members, most of whom are managed Medicaid/Medi-Cal members. All the contracted plans approved the acquisition. Prospect Medical Group is managed by its affiliate, Prospect Medical Systems, a management services organization with 25 years of experience managing health plan-delegated downside risk for doctors and hospitals. Prospect now owns or manages 28 IPAs across six states, with approximately 600,000 members accessing a variety of insurance products.
Flacks Group, the privately held special situations global investment firm, has announced the acquisition of Corizon Health Inc. (“Corizon”), a specialist healthcare and pharmacy services provider to the U.S. state and local corrections systems. With approximately USD $800 million in revenue, Corizon employs over 5,000 staff, including doctors, nurses and other healthcare professionals. It is one of the largest privately-owned companies serving states and localities with correctional healthcare. Corizon has provided primary medical services, behavioral health services, dental care, pharmacy programs and re-entry services for inmates and detainees under contract to state, city, and county government agencies for over 40 years. Corizon Health’s PharmaCorr is the only in-house pharmacy in the corrections industry. The transaction accelerates Flacks Group’s growth in the U.S. and doubles the size of its worldwide business spanning four continents.
Kingston’s Grand Street Medical Associates is now part of WMCHealth Physicians, a member of the Westchester Medical Center Health Network (WMCHealth). The practice, now called WMCHealth Physicians at Kingston, provides primary care and specialty healthcare services to the community, including asthma care, family medicine, diabetes management, ophthalmology, COVID-19 diagnostic testing and more. The now official relationship with WMCHealth Physicians provides patients and referring physicians with greater access to the clinical subspecialists and advanced medical technologies of WMCHealth’s extensive care network. That care network includes WMCHealth Physicians subspecialists in Kingston, New Paltz, and Poughkeepsie offering heart and vascular, orthopedic, ENT, psychiatry, surgical and neuroscience services, plus direct access to the advanced care services offered by Westchester Medical Center in Valhalla.
Physician staffing firm Mednax has outlined a new strategic direction with plans to focus solely on women’s and children’s medical services. The company will continue to sell off other business units to achieve that end and will change the company name to Pediatrix Medical Group to reflect its new direction. Fort Lauderdale-based Mednax now plans to shed its radiology unit, a month after it sold its anesthesiology group, American Anesthesiology. Late last year the staffing firm also divested its revenue cycle management firm, MedData. Mednax has been particularly hard hit by the novel coronavirus as elective surgeries have been delayed, putting the squeeze on both its anesthesiology and radiology groups with volumes down between 60% and 70% and between 50% and 60%, respectively, compared to April of last year.
The South Bend Clinic and Allied Physicians of Michiana announced Monday that they are joining forces through a merger. “We are excited to announce our partnership to create a greater value for our patients and the community.” The announcement was made jointly by Dr. Brad Scott, Board President of the South Bend Clinic, and Dr. Tim Noveroske, Board Chair of Allied Physicians of Michiana. Both physicians referenced the tangible, cost-saving benefits of the merger for area healthcare consumers. The South Bend Clinic is the largest physician owned and led multi-specialty group practice in the State of Indiana. The physicians at the South Bend Clinic work in a collaborative care environment where primary care physicians and specialists deliver integrated and coordinated patient care. With nearly 150 providers and 11 locations, the South Bend Clinic is comprised of nearly 30 different board certifications. Allied Physicians of Michiana is a multi-specialty health care group serving North Central Indiana.
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