The following transactions or developments between hospitals and physician groups took place within the past month, beginning with the most recent.
1. Glens Falls Hospital, Adirondack Cardiology Associates to Merge
Glens Falls (N.Y.) Hospital has attracted Adirondack Cardiology Associates to join the hospital in a merger aimed at better coordinating cardiology care. The practice's 11 physicians and staff will be employed by the hospital; the practice will keep its current location in Queensbury, N.Y.
2. Cheyenne Medical Specialists Join Poudre Valley System in Colorado
The 11 providers with Cheyenne (Wyo.) Medical Specialists are joining Poudre Valley Medical Group, part of Fort Collins, Colo.-based Poudre Valley Health System. The agreement is expected to be finalized in April. PVMG currently has more than 170 providers in 18 medical clinics.
3. Advocate to Acquire MidAmerica Cardiovascular Consultants
Oak Brook, Ill.-based Advocate Medical Group, the physician arm of Advocate Health Care, has agreed to acquire Oak Lawn, Ill.-based MidAmerica Cardiovascular Consultants for $3.5 million. Advocate has agreed to employ the group's 23 physicians under five-year agreements.
4. Douglas County Hospital in Minnesota May Acquire Alexandria Clinic
Douglas County Hospital in Alexandria, Minn., has begun negotiations to acquire Alexandria Clinic, a multi-specialty clinic with locations in Alexandria and Osakis, Minn.
5. Greenville Hospital System in S.C. Plans to Buy 10 Cancer Clinics for $21.7M
Greenville (S.C.) Hospital System is set to acquire the Cancer Centers of the Carolinas, which includes 10 clinics, for $21.7 million. The acquisition, which has been in the works for roughly two years, will add 26 physicians to GHS' staff. The deal could be complete by mid-May
6. Steward Lures Physicians From Tufts Medical Center
Boston-based Steward Health Care has added 20 more physicians to its roster through an affiliation with Manet Community Center in Quincy, Mass. Prior to this deal, the physicians were affiliated with Tufts Medical Center's New England Quality Care Alliance.
7. CHS to Acquire Diagnostic Clinic of Longview
Community Health System's Longview (Texas) Regional Medical Center has announced plans to merge its operations with Diagnostic Clinic of Longview, a multispecialty clinic. Diagnostic Clinic of Longview includes 100 physicians and 30 mid-level providers with 18 locations. The transaction is expected to close in the next few months.
8. Jewish Hospital & St. Mary's to Acquire Louisville Surgical Associates
Louisville, Ky.-based Jewish Hospital & St. Mary's HealthCare has entered into an agreement to acquire Louisville Surgical Associates. The seven-physician surgical practice has long been affiliated with the system's Sts. Mary & Elizabeth Hospital in Louisville, and its primary location is on the hospital campus.
9. Lehigh Valley Health Network Acquires Cardiology Associates
Allentown, Pa.-based Lehigh Valley Health Network has acquired Lehigh Valley Cardiology Associates, the second cardiology group acquired by the system. The eight physicians at the practice will be employed by Lehigh Valley Health Network.
10. Pittsburgh Insurer Will Spend $500M More to Acquire Hospitals, Physicians
Pittsburgh-based Highmark, an insurer, will spend up to $500 million on a new network of physicians, community hospitals and outpatient care locations — an investment in addition to its $475 million takeover of West Penn Allegheny Health System.
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1. Glens Falls Hospital, Adirondack Cardiology Associates to Merge
Glens Falls (N.Y.) Hospital has attracted Adirondack Cardiology Associates to join the hospital in a merger aimed at better coordinating cardiology care. The practice's 11 physicians and staff will be employed by the hospital; the practice will keep its current location in Queensbury, N.Y.
2. Cheyenne Medical Specialists Join Poudre Valley System in Colorado
The 11 providers with Cheyenne (Wyo.) Medical Specialists are joining Poudre Valley Medical Group, part of Fort Collins, Colo.-based Poudre Valley Health System. The agreement is expected to be finalized in April. PVMG currently has more than 170 providers in 18 medical clinics.
3. Advocate to Acquire MidAmerica Cardiovascular Consultants
Oak Brook, Ill.-based Advocate Medical Group, the physician arm of Advocate Health Care, has agreed to acquire Oak Lawn, Ill.-based MidAmerica Cardiovascular Consultants for $3.5 million. Advocate has agreed to employ the group's 23 physicians under five-year agreements.
4. Douglas County Hospital in Minnesota May Acquire Alexandria Clinic
Douglas County Hospital in Alexandria, Minn., has begun negotiations to acquire Alexandria Clinic, a multi-specialty clinic with locations in Alexandria and Osakis, Minn.
5. Greenville Hospital System in S.C. Plans to Buy 10 Cancer Clinics for $21.7M
Greenville (S.C.) Hospital System is set to acquire the Cancer Centers of the Carolinas, which includes 10 clinics, for $21.7 million. The acquisition, which has been in the works for roughly two years, will add 26 physicians to GHS' staff. The deal could be complete by mid-May
6. Steward Lures Physicians From Tufts Medical Center
Boston-based Steward Health Care has added 20 more physicians to its roster through an affiliation with Manet Community Center in Quincy, Mass. Prior to this deal, the physicians were affiliated with Tufts Medical Center's New England Quality Care Alliance.
7. CHS to Acquire Diagnostic Clinic of Longview
Community Health System's Longview (Texas) Regional Medical Center has announced plans to merge its operations with Diagnostic Clinic of Longview, a multispecialty clinic. Diagnostic Clinic of Longview includes 100 physicians and 30 mid-level providers with 18 locations. The transaction is expected to close in the next few months.
8. Jewish Hospital & St. Mary's to Acquire Louisville Surgical Associates
Louisville, Ky.-based Jewish Hospital & St. Mary's HealthCare has entered into an agreement to acquire Louisville Surgical Associates. The seven-physician surgical practice has long been affiliated with the system's Sts. Mary & Elizabeth Hospital in Louisville, and its primary location is on the hospital campus.
9. Lehigh Valley Health Network Acquires Cardiology Associates
Allentown, Pa.-based Lehigh Valley Health Network has acquired Lehigh Valley Cardiology Associates, the second cardiology group acquired by the system. The eight physicians at the practice will be employed by Lehigh Valley Health Network.
10. Pittsburgh Insurer Will Spend $500M More to Acquire Hospitals, Physicians
Pittsburgh-based Highmark, an insurer, will spend up to $500 million on a new network of physicians, community hospitals and outpatient care locations — an investment in addition to its $475 million takeover of West Penn Allegheny Health System.
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