Industry Trends

The move is part of the group's continued effort to streamline its business and cut costs to preserve cash.

Saying they are in financial peril, Oregon hospital systems are fighting bills that would increase their costs while pleading for more than $1 billion a year in help from the recently convened state legislature.

By 2030, up to 30 percent of the $260 billion primary care market could be controlled by nontraditional organizations, according to a report from the American Hospital Association.

This trend held true for 15 of 16 surgical procedures analyzed in a new study published in JAMA Network Open.

The non-cash goodwill impairment charge of $13.4 billion reported over the past year reflects the waning market value of Teladoc’s $18.5 billion acquisition of chronic care company Livongo in late 2020.

Amazon completed its $3.9 billion deal for the primary care company a day after the Federal Trade Commission said it wouldn't sue to block the sale (though the agency reported that it would continue to investigate possible harms caused by the merger).

Many market participants expect physician practice deal volume to remain robust for a variety of reasons, such as the desire to consolidate within specific specialties, and the continued focus from health systems to expand their physician networks.

Almost half of hospital board members (44%) work in the financial activities sector.

The City of Richmond sold the property to the health system for $3.5 million in 2021. After the COVID-19 pandemic changed the demand for downtown office space, the health system is now opting to build a new facility for its dental school on the plot of land.

The fund is led by father-and-son team Dr. David Nesenoff and Adam Nesenoff. The pair currently own luxury rehab Tikvah Lake, which is based in Sebring, Florida, and they plan to use the funds to grow their arsenal of upscale rehab centers.