Physician medical group M&A peaked in fourth quarter for 2020 Analysts predict that the uptick will continue and that this year could be record-setting for physician practice deals.
, Associate Editor
The fourth quarter of 2020 had the most physician medical group M&A activity for the year, increasing 15% from the previous quarter, according to data from HealthCareMandA.com.
Compared to the 52 acquisitions recorded in the third quarter last year, the physician group M&A market accelerated in the last part of the year with 60 publicly announced transactions.
Still, activity decreased by 5% compared with the fourth quarter of 2019.
Along with an increase in the number of transactions in the fourth quarter, the dollar amount also rose to more than $1.9 billion, compared to $896 million in the third quarter.
Press release content from PR Newswire. The AP news staff was not involved in its creation.
Arun Prasad Joins Health Care Service Corporation As Chief Strategy Officer
January 19, 2021 GMT
Health Care Service Corporation. (PRNewsFoto/Health Care Service Corporation)
CHICAGO, Jan. 19, 2021 /PRNewswire/ Health Care Service Corporation (HCSC) today announced Arun Prasad will join the company as senior vice president and chief strategy officer. Prasad will report to Maurice Smith, president and chief executive officer of HCSC, and will lead the organization’s strategic efforts including long-term planning, business and corporate development and strategic investments. Arun’s responsibilities also include oversight of HCSC’s subsidiary businesses.
Health Care Service Corporation Announces Multiple Leadership Promotions To Build For The Future
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CHICAGO, Jan. 19, 2021 /PRNewswire/ Health Care Service Corporation (HCSC), the nation s largest customer owned health insurance company, today announced several executive-level promotions to support its business plan to advance overall growth, innovation and transformation. The promotions, effective February 1, 2021, are also in line with the company s long history and culture of promoting from within. These executive leadership promotions reflect HCSC s long history of cultivating and developing versatile talent capable of advancing the mission and long-term goals of HCSC in the dynamic health care industry, said Maurice Smith, president and CEO of HCSC. Throughout their tenure at the company, these individuals have proven themselves to be exceptionally strong leaders, champions of our teams and our approach to busines