Two large healthcare organizations announced the proposed merger of their respective urgent care operations. Select Medical's Concentra and Dignity Health's U.S. Healthworks will come together to "strengthen the delivery of clinical care, standardize best practices and improve service for employers and employees." according to Dignity Chief Financial Officer Daniel Morissette.
Dignity's subsidiary, U.S. HealthWorks, operates 250 occupational healthcare centers in 21 states whereas Concentra has 315 occupational health centers in 38 states.
This transaction will build upon an early 2017 joint venture between Select Medical and Dignity. The two giants will build and manage a Las Vegas area acute inpatient rehabilitation hospital due to open in 2019. The joint operation also is expected to include 12 jointly run outpatient rehabilitation clinics. >>Read more
Showing posts with label Select Medical Corporation. Show all posts
Showing posts with label Select Medical Corporation. Show all posts
Tuesday, October 31, 2017
Friday, April 15, 2016
Will One Less Matter?
The "One" refers to Physiotherapy Associates, a major player in the outpatient physical therapy world - now part of Select Medical Corporation, an even larger player. The recent acquisition increases Select's U.S. rehab dominance to 1500+ facilities. Even with one less buyer, PT acquisition activity is strong. Strategic buyers and investors remain on the look out for profitable PT practices in key markets - pediatric as well as adult physical therapy.
Advent International's recent investment announcement ensures ATI Physical Therapy of the resources to drive continued growth and accelerate their expansion into new regions and markets.
But, there's more...Urgent care continues to get its share of attention from prospective buyers. Over the past few years, healthcare systems have stepped up as buyers or joint venture partners. Bruce Japsen, a Motley Fool columnist and business writer assesses the value of urgent care this way: "...a game-changer for the healthcare industry -- more and more Americans are gaining healthcare, and urgent care centers are helping save employers and insurers money..."
The fragmented dermatology sector has its suitors as well... with platform practices making acquisitions to strengthen an existing region or break into a new one. The same holds true for multi-specialty practices.
And, by the way... for practice owners considering a sale... We're happy to help find you a buyer (610-527-8400).
Advent International's recent investment announcement ensures ATI Physical Therapy of the resources to drive continued growth and accelerate their expansion into new regions and markets.
But, there's more...Urgent care continues to get its share of attention from prospective buyers. Over the past few years, healthcare systems have stepped up as buyers or joint venture partners. Bruce Japsen, a Motley Fool columnist and business writer assesses the value of urgent care this way: "...a game-changer for the healthcare industry -- more and more Americans are gaining healthcare, and urgent care centers are helping save employers and insurers money..."
The fragmented dermatology sector has its suitors as well... with platform practices making acquisitions to strengthen an existing region or break into a new one. The same holds true for multi-specialty practices.
And, by the way... for practice owners considering a sale... We're happy to help find you a buyer (610-527-8400).
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