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Dive Temporary:
Novant Well being has closed its buy of UCI Medical Associates, a agency that manages pressing care and bodily remedy services, from insurer BlueCross BlueShield of South Carolina, the Winston-Salem, North Carolina-based well being system mentioned Monday.
The deal, first introduced this summer season, contains 52 pressing care services and 20 bodily remedy clinics situated throughout South Carolina. A Novant spokesperson declined to touch upon the acquisition phrases.
The clinics are staffed by almost 200 physicians and superior follow suppliers, in accordance with a press launch. All employees will be part of Novant below the deal, in accordance with the spokesperson.
Dive Perception:
The newest deal comes as Novant has been strategically increasing in South Carolina. Earlier this 12 months, the system acquired East Cooper Medical Heart, Hilton Head Hospital, Coastal Carolina Hospital and their affiliated doctor practices from Tenet Healthcare for about $2.4 billion.
The system additionally plans to construct a brand new hospital campus in Bluffton, South Carolina, Novant mentioned in late September.
Novant’s buy of the pressing care and bodily remedy clinics will complement providers provided at its three hospitals in South Carolina, in addition to a clinic operated in collaboration with Ochsner Well being geared towards seniors, the well being system mentioned.
“Novant Well being’s supplier community will now lengthen to dozens of latest communities throughout the Palmetto State, representing our long-term funding within the well being of South Carolinians,” Dean Swindle, Novant’s government vp and chief technique officer and president of Novant Well being Enterprises, mentioned in an announcement on the deal.
Throughout the first six months of the 12 months, Novant reported $318 million in extra revenues over bills, in contrast with $122 million throughout the identical interval final 12 months.
