3 physician-owned hospitals sold or shut down

The ACA imposed a moratorium on physician-owned hospitals in 2010, preventing the development of 37 planned physician-owned hospitals, according to a report the Trump administration released in late 2018.

Since the moratorium took effect, several physician-owned hospitals been sold or shut down.

Three to know:

El Paso (Texas) Specialty Hospital, a physician-owned facility, closed at the end of 2018 for financial and operational reasons.

Healthcare acquisition and management company New Manna Augusta bought Casper, Wyo.-based Summit Medical Center, which was previously a physician-owned hospital, March 1.

The physician-owned Clarksville, Ind.-based Kentuckiana Medical Center closed in April after a decade of financial woes.

More articles on transactions/valuation:
Optum's big inpatient pivot & more — 6 ASC industry notes
Optum deviates from outpatient deal strategy with latest health-system partnership — 3 insights
Worldwide Surgical Solutions' latest ask: $20M infrastructure investments 

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Articles We Think You'll Like

 

Featured Whitepapers

Featured Webinars