Becker's ASC Review

45 TRANSACTIONS EyeSouth partners completes 31st affiliation By Claire Wallace E yeSouth partners has completed an affiliation with Raleigh Ophthalmology, the organization's 31st affiliation, and its first in North Carolina, according to a Sept. 6 press release shared with Becker's. EyeSouth partners with physicians to provide management services, and currently works with over 250 physicians throughout Georgia, Texas, Louisiana, Florida, Tennessee, Ohio, Kentucky, Pennsylvania, Alabama and North Carolina. Raleigh Ophthalmology is led by Paul Riske, MD. "The state of North Carolina has been a target expansion geography for some time now, but we've been waiting for the right practice," Eugene Gabianelli, MD, chief medical officer of EyeSouth, said in the release. "We believe that the stellar reputation and leadership at Raleigh Ophthalmology makes this practice an ideal starting point to build our footprint in North Carolina." n Physician medical group deals jump 145%: 3 stats By Patsy Newitt P hysician medical groups are increasingly consolidating, a trend exacerbated by the COVID-19 pandemic, according to VMG Health's "Annual Healthcare M&A Report 2022." Here are three stats to know about consolidation within the industry: 1. There were approximately 461 deals announced in the sector in 2021, a 145 percent increase from the 2020 volume. 2. Of these deals, 70 percent of transactions were attributed to private equity firms. 3. The number of physicians in the United States has increased 1.2 percent compounded annually since 2000 — from approximately 814,000 in 2000 to 1.1 million as of January 2022. n CVS Health's $8B deal to buy Signify Health: What ASCs need to know By Patsy Newitt CVS Health entered a deal to acquire home health company Signify Health for $8 billion Sept. 5. Here's what ASCs need to know: 1. The move marks CVS Health's efforts to expand its value-based care offerings. Signify's value-based provider network includes 50 health plan clients and members and has focused on value-based care offerings since it acquired Caravan Health in March 2022, CVS Health said in a Sept. 5 news release. 2. CVS beat out bids from other companies looking to acquire Signify. According to The Wall Street Journal, both Amazon and UnitedHealthhad interest in acquiring the company. 3. The deal will add more than 10,000 clinicians to CVS Health's portfolio. 4. Signify's market capitalization was around $6.7 billion on Sept. 4. CVS Health agreed to pay $30.50 per share in a cash transaction expected to close in the first half of 2023. n Maryland medical office complex with ASCs, digestive care center sold By Claire Wallace S hady Grove Professional Centers I and II, 103,249-square- foot, multitenant medical office buildings in Rockville, Md., have sold. The buildings were sold by Anchor Health Properties and MedProperties and acquired by an affiliate of global real estate manager Heitman LLC. The office spaces are 87 percent leased, with more than 15 ASCs and medical specialties including Capital Digestive Care and Johns Hopkins, according to a Sept. 13 press release. Terms of the sale were not disclosed. The property also includes GI, MRI, pediatric, primary care, family medicine and ophthalmology practices. "This was an ideal time to buy, as the Shady Grove medical office market continues to experience considerable expansion with the hypergrowth of the life science submarket and the construction of the new Adventist Healthcare bed tower," Brannan Knott, managing director at JLL Capital Markets Investment Sales and Advisory, who advised the sale, said in the press release. n

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