The consultants Atrius hired agreed: The state’s largest independent physician group needed help.
Atrius Health, the multi-site primary and specialty physician practice, had lost 70 physicians to competitors from 2019 to 2021, The Boston Globe reports. It was also hemorrhaging money — recording a $33.4 million operating loss in fiscal 2021 and projecting another $226 million in operating losses over the next three years.
The dire outlook and need for cash pushed Atrius to do something it had long been reluctant to do: be acquired byanother organization.
A search for suitors in 2020 would ultimately pit some of the largest names in Massachusetts and national health care against one another, including the state’s largest insurer, Blue Cross Blue Shield of Massachusetts,several large health systems — Mass General Brigham, Tufts Medicine, and Beth Israel Lahey Health — and the country’s largest physician organization, Optum Care. Read more.
