The rise of ‘super regional systems’ and what it means for healthcare

http://www.beckershospitalreview.com/hospital-transactions-and-valuation/the-rise-of-super-regional-systems-and-what-it-means-for-healthcare.html

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Consolidation has touched all facets of healthcare, including hospitals of all sizes, medical groups and insurers, and this trend will significantly affect the industry as a whole.

Mergers, acquisitions and other types of partnerships are critical as hospitals focus on providing coordinated, cost-effective care. There has been an increase in hospital M&A in recent years, with transactions rising 18 percent in 2015 compared to the year prior, according to an analysis by Kaufman, Hall & Associates.

Through consolidation, hospitals become more efficient and, many times, improve care quality. However, consolidation also increases leverage and causes revenue to rise. This has led to the creation of “super regional systems,” says Gregory F. Hagood, senior managing director and president of SOLIC Capital. This trend is noted in almost every major market, but it is most visible in metro areas like Chicago.

Brooklyn surgeon in Medicare billing scheme convicted of fraud, faces 40 years in prison

http://www.nydailynews.com/new-york/nyc-crime/brooklyn-surgeon-convicted-medicare-fraud-faces-40-years-article-1.2731355

Dr. Syed Ahmed faces over 40 years in prison.

A Brooklyn surgeon is facing more than 40 years in prison after a federal jury convicted him of a massive Medicare fraud that included claims he’d performed 600 procedures on one person.

Dr. Syed Ahmed was found guilty of all six counts late Thursday night in Brooklyn Federal Court. The jury had deliberated about four hours.

Prosecutors alleged that Ahmed, a specialist in weight loss surgery and wound treatment, billed Medicare for over $7 million in procedures, many of which were not performed on patients, prosecutors alleged.

Assistant U.S. Attorney Patricia Notopoulos told the jury that Ahmed billed Medicare for 5,000 surgeries over a three-year period, including 600 alleged procedures on an elderly woman.

Trinity Health Settles Church Pension Suit for $75M

http://www.bna.com/trinity-health-settles-n73014445765/

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Ex-executive who helped feds with Sacred Heart probe given year in prison

http://www.chicagotribune.com/news/local/breaking/ct-sacred-heart-hospital-fraud-met-20160824-story.html

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http://www.beckershospitalreview.com/legal-regulatory-issues/former-sacred-heart-executive-gets-1-year-prison-term.html

Rise Of The Megamergers: Inside The Record Year For Healthcare M&A

http://www.forbes.com/sites/baininsights/2016/08/22/rise-of-the-megamergers-inside-the-record-year-for-healthcare-ma-infographic/#660b429b5a8b

Healthcare M&A Is Growing Fast [Infographic]

http://www.bain.com/publications/articles/global-healthcare-private-equity-and-corporate-ma-report-2016.aspx

 

42 hospital transactions and partnerships in August 2016

http://www.beckershospitalreview.com/hospital-transactions-and-valuation/42-hospital-transactions-and-partnerships-in-august.html

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The following hospital mergers, acquisitions and general transactions took place or were announced in August.