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21 Transactions & Joint Ventures O verall in the first quarter of 2015, health- care deal volume was up 19 percent and disclosed value was up 92 percent com- pared to the first quarter of 2014, according to the "PwC Health Service Deals" report. Here are seven things to know about merger and acquisi- tion activity in the first quarter of this year. 1. Hospital M&A activity in the first quarter of this year was slightly down compared to the first quarter of 2014. There were 23 to- tal hospital transactions in the first quarter of 2015, compared to 25 in the first quarter of 2014. But, deal value was up from $608 million in the first quarter of 2014 to $693 million in the first quarter of this year, an increase of almost 14 percent. 2. A growing trend shows a shift away from traditional mergers and acquisitions to- ward affiliations, joint ventures and part- nerships, according to the report. 3. Managed care had a significant amount of deals in the first quarter of 2015 with a total value announced of $15 million. The true value is much higher as most of the 10 deals announced did not disclose a value. 4. The 10 managed care deals announced for the first quarter of this year is double the amount of transactions in the prior year period. 5. The first quarter of this year matched the prior year period when it comes to post- acute care deals; both quarters had 65 deals. But, the published deal value dropped significantly from $5.7 billion in the first quarter of 2014 to $1.7 billion. 6. Deals were down in the home health and rehabilitation sector with 16 deals, com- pared to 19 deals in the first quarter of 2014. In spite of the dip in deals, value was more than double, largely driven by Exten- dicare's $83 million acquisition of several home health branches. 7. Physician practice deal activity nearly dou- bled with 21 deals in the first quarter of this year compared to 13 deals in the first quar- ter of last year. This quarter of all of the deals announced, 18 were led by physician practice management companies. Hospital and health system practice acquisition ap- pears to be slowing, but practice manage- ment companies show no such signs, ac- cording to the report. Anesthesia groups accounted for six of the deals announced this quarter. n Healthcare M&A Up 19% in Q1: 7 Things to Know By Carrie Pallardy Gramercy Surgery Center Opens New Location in Queens Market: 4 Things to Know By Carrie Pallardy Gramercy Surgery Center in New York has opened a new satellite loca- tion in Queens, N.Y. Here are four things to know about the center. 1. The new 11,000-square-foot facility houses two Class C operat- ing rooms, two Class B operating rooms and a 10-bed recovery room. The center has 35 parking spaces. 2. The satellite location is expected to provide more than 50 jobs and have a $20 million impact on the community. 3. The multispecialty surgery center offers bariatrics, general sur- gery, ENT, gynecology, interventional radiology, orthopedics, pain management, plastics, podiatry, urology and more. 4. Gramercy Healthcare Management manages the surgery cen- ter's New York and Queens locations. n Discount Brand Name Surgical Supplies Surgical Supplies eSutures.com 888-416-2409 eSutures.com eSutures is a discount distributor of over 1 million Ethicon, Covidien, and Synthes products – and so much more. Contact us today and find out how we can compete with your current contract pricing, without any contracts or minimum order requirements! The Surgical Superstore Let us stock it so you don't have to!