After healthcare mergers and acquisitions (M&A) activity began to regain momentum in 2022, following the slowing of deals in the wake of the COVID-19 pandemic, transactional activity continued to accelerate in 2023. While the healthcare sector continued to be impacted by factors such as valuation gaps, higher-for-longer interest rates, general macroeconomic risks, and increased state and federal regulatory concerns in 2023, the outlook for 2024 remains cautiously optimistic. This Health Capital Topics article reviews the U.S. healthcare industry’s 2023 M&A activity and discusses what these trends may mean for 2024. (Read more...)

On December 26, 2023, a study published in the Journal of the American Medical Association (JAMA) found concerning changes in patient outcomes and hospital adverse events associated with private equity (PE) acquisition and ownership of hospitals. Over the past ten years, PE firms have set their sights on hospitals as a lucrative investment opportunity, spending nearly $1 trillion to finance healthcare acquisitions, and purchasing more than 200 hospitals from non-PE owners. This Health Capital Topics article reviews the JAMA study and the impact of PE ownership on the healthcare industry. (Read more...)

On January 29, 2024, the Centers for Medicare and Medicaid Services (CMS) announced that Performance Year 2024 participation increased in their various accountable care organization (ACO) initiatives. Specifically, 50 new ACOs joined the Medicare Shared Savings Program (MSSP), and 71 ACOs renewed their contracts, bringing the total participation in the MSSP to 480 ACOs. Additionally, 245 organizations chose to continue participation in two other CMS models – the ACO Realizing Equity, Access, and Community Health (REACH) Model and the Kidney Care Choice (KCC) Model. This Health Capital Topics article reviews the CMS report and implications for CMS’s ACO initiatives. (Read more...) 

Diagnostic imaging is “the process of making a visual representation of the interior of the body for medical intervention.” This process utilizes medical imaging techniques to “create pictures of a patient’s internal anatomy and convert them to film” in order to detect, diagnose, and treat diseases and injuries. Diagnostic imaging can be performed in a number of sites, including hospitals, physician offices, and freestanding independent diagnostic testing facilities (IDTFs), defined by the CMS as “a facility that is independent both of an attending or consulting physician’s office and of a hospital.” This is the first installment of a five-part series related to the valuation of diagnostic imaging. (Read more...) 
Interested In Selling Your Practice?
Check out “The Surgeon's Guide to Selling a Practice” module where HCC's Jessica Bailey-Wheaton, Esq. and Dr. Bhagwan Satiani of The Ohio State University College of Medicine provide tips and considerations when selling a practice. This module includes a free video and whitepaper!

For more information on selling your practice, including HCC’s experience and services related to similar transactions, please email us at [email protected] or call us at 800-FYI-VALU.