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Walgreens’ Virtual Care Launch Signals Retailers’ Healthcare Edge
“There are more telehealth suppliers competing for a small share of virtual care consumers, or limited demand, which suggests heightened competition,” said Sanjula Jain, PhD, senior vice president of market strategy and chief research officer at Trilliant Health.
PE Firm 1315 Capital Raises $500M+
The firm is focused on health care services companies.
Legal, Regulatory Uncertainty Could Slow Down Behavioral Health Dealmaking
On top of the market force headwinds, the Biden administration and some state governments have signaled that they will put greater scrutiny on health care M&A.
Prospect Medical Sued Over Patient Data Breach
After the attack, a ransomware group by the name of Rhysida allegedly posted on the dark web Aug. 24 auctioning off Social Security numbers, passport information and health data from more than 500,000 patients and employees of Prospect.
Closed NC Hospital Failed to Submit Compliance Reports for 5 Years
Seeking to determine if Tennessee-based Quorum Health was meeting its statutory obligations to operate Martin General Hospital, Martin County enlisted the help of North Carolina Attorney General Josh Stein last year to get those answers.
Will Waystar Kick off Another Wave of Digital Health IPOs?
“The one company that we know is going to IPO and everyone's looking at is Waystar,” said Sofia Guerra, vice president at venture capital firm Bessemer Venture Partners. “Everyone's kind of waiting to see how that's going to go.”
Prospect Medical Holdings Reaches Deal to Halt Litigation, Opening Window to Sell Crozer Health
Prospect reached a deal with the Foundation for Delaware County and the Pennsylvania Attorney General’s Office to halt active litigation against it to open a 270-day window to sell Crozer to a successor.
Hospital Groups Take Aim at Physician-Owned Facilities
Major hospital groups are pushing back against physician-owned hospitals amid calls to eliminate Medicare's ban on physician self-referral to new POHs and restrictions on their growth.
Talks Break Down over Connecticut Hospitals
The development comes shortly after Yale New Haven asked for $80 million in state government support for the transaction to take place.
5 PE Forces Dominating the ASC Industry
KKR tops the list. The company acquired Envision in October 2018 for $9.9 billion and Covenant Physician Partners in 2017.