BioScrip, recently announced the completion of its acquisition of CarePoint Partners. With 30 years of infusion therapy expertise, BioScrip's coverage area encompasses 46 states, including 40 specialty infusion pharmacies, and 33 nursing locations. The BioScrip and CarePoint consolidation will provide home infusion services to over 100,000 patients annually.
The home infusion industry has experienced healthy growth over the past few years and is estimated at $9-11B, according to Russell Bodoff, president and CEO of the National Home Infusion Association. Since 2011, the industry has seen M&A activity resulting in the acquisition of Crescent Healthcare by Walgreens; Pediatric Health Choices's home infusion, enteral divisions acquired by CarePoint. >>Read more
Came across a timeless blog post that should resonate with many small or medium business owners considering a sale:
- Where to start?…Prepare an exit strategy.
- What's next?…Organize key company information.
- What kind?…Generally, the info falls into these categories: Financial History, Intellectual Property, Regulatory Compliance.
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Source: Appfolio / Secure Docs
Envision Healthcare Corporation successfully debuted on Wall Street with its initial public offering. The Colorado-based company is a provider of ambulance services for local governments, facility-based physician services (ER, anesthesiology, hospitalist/inpatient care, etc.) as well as patient care across various settings for the chronically ill. The company, formerly EMSC Corporation, had been expanding via new contracts and physician practice acquisition.
Envision, which operates American Medical Response (AMR), EmCare Holdings and Evolution Evolution Health, LLC, is expected to thrive in the era of the Accountable Care Act. >>Read more
Michael Shafe, MD leads a growing urgent care business, The Urgency Room - starting and expanding the business to 3 locations within six years. While growing can be anxiety-ridden, Dr. Shafe reduced some stress by following a roadmap that would apply to other healthcare service businesses. Check out his Expansion TOP TEN List:
- Determine what went right and Repeat
- Ensure business can be replicated
- Keep locations legally separate
- Do your research
- Contract with payers early
- Prepare financially
- Hire early
- Allow adequate time for hiring and training
- Create a comprehensive Operations Manual
- Market cost effectively
>>Read more
