Healthcare DIVE April 24, 2020
Dive Brief:
- Roughly 1,750 independent community oncology clinics and practices have closed, been acquired by hospitals, merged or reported significant financial struggles since 2008 as financial pressures continue to drive consolidation in the industry at large.
- The number of practices merging or being acquired by another community oncology practice or corporate entity like private equity firms has increased almost 21% in the last two years, according to a new report from the Community Oncology Alliance, as practices seek to avoid hospital buy-out.
- And, despite many independent clinics keeping their doors open to provide chemotherapy and other cancer treatments during the pandemic, the coronavirus is hitting oncology practices’ bottom lines hard, early data shows.
Dive Insight:
Behemoth health...
Today's Sponsors
Today's Sponsor