Pitchbook: Expect Increase in PE-Backed Healthcare Companies Going Public in New Year

In the first quarter of this year, 17 healthcare companies with more than $10 million in liabilities filed Chapter 11.

Chicago-based CommonSpirit upped its current estimate of losses stemming from a cyberattack in October to $160 million when it released first-quarter results.

Physicians participating in MIPS pay to play. Researchers citing previous studies note that in 2017, it cost PCPs more than $1.3 billion to comply with MIPS rules. In 2019, physician practices spent more than $12,000 per PCP to participate in the program.

After raising $100 million in venture capital. the Menlo Park, California-based startup has terminated almost all of its C-suite along with nearly 130 other jobs and is closing its headquarters.