Coming Soon: 10 for Premier

Premier Immediate Medical Care expects to benefit from the Affordable Care Act with an influx of newly insured patients.  Dr. Edward Silverman, owner of Premier, will be ready as he expands within his key market areas.  Currently, his 9 offices serve communities in Pennsylvania, New Jersey, Delaware.  Winter and Spring will mark the opening of additional centers in the Philadelphia area (Plymouth Meeting - #10 and Villanova) with the convenient hours of "9 to 9".  >>Read more 

Former MT Client Continues on Acquisition Trail

DermOne, formerly Accredited Dermatology, ends 2013 on another positive note with a year-end acquisition.  The company succeeded in fulfilling CEO Ron Geraty's desire to grow beyond their core New Jersey and eastern Pennsylvania footprint.  In 2013, they added practices in North Carolina and Virginia as well as Texas. (>>Read more) in 2013.  The initial move into the greater Dallas-Ft. Worth area was through the acquisition of 3 offices managed by U.S. Dermatology Medical Management, Inc.

Announced last week, one more practice will become part of DermOne "network of neighborhood dermatology centers" before year end.   The Allentown practice of Dr. James Wall (in operation since 1977) combines Dr. Wall's expertise with  the extensive resources of DermOne for the local community.  >>Read more
 

Home Healthcare Acquisitions

Almost Family, Inc., a regional leader in providing home health services announced its acquisition of SunCrest HealthCare.  The transaction increases their branch locations to over 240 across 14 states with a revenue run rate close to $500M.  >>Read more

Addus HealthCare, nationally known for services including nursing, personal care aides, and rehabilitation acquired Coordinated Home Health Care, LLC from Transition Capital Partners.  Addus serves 25,000 weekly consumers from 129 offices in 19 states and now adds 15 offices in New Mexico.  >>Read more

Key 2014 Growth Strategy is M&A

Results from last summer's GE Capital survey of senior healthcare services executives* indicate that 88% will pursue mergers & acquisitions within 12 months. Other survey revelations include:

• Current climate offers opportunities for healthcare companies to grow
• M&A outlook strong based on favorable capital markets, clarity of ACA
• Optimizing efficiency best approach going forward
• More strategic approach pursued with regard to acquisitions or partners vs. merely for growth's sake. 

*universe = 223
 Source:  Healthcare Finance News, 12/4/13

Sharing Emergency Healthcare Info Still a Challenge

Guess all the money directed to technology and processes to facilitate the sharing of healthcare data (across providers) has not been enough...   
While online data sharing may be possible within a closed network, linking to those outside the network remains elusive - not real helpful in an emergency situation.  To bring healthcare fully online, seamless transfer is critical.
 
Dr. Louis Sullivan, a former Health and Human Services Secretary, founded WEDI (Workgroup for Electronic Data Interchange) in 1993.  The organization's latest report suggests that the medical system "was close but still not there yet".  The organization's CEO, Devin Jopp, is hopeful that seamless information transfer will be a possibility within 10 years.  Fingers crossed. 

Jobs that Produce Great Bosses

What experience or background will help mold you into an extraordinary company leader?  

CEO.com suggests five jobs that teach lessons that will last a lifetime.  A few jobs on the list are logical, others may prompt you to say…"Really?".   For better insight to their selections...Click Here

1. Sales
2. Fast Food
3. Manual Labor
4. Customer Service
5. Babysitter