Dialysis provider DaVita HealthCare Partners Inc. will acquire one of the largest independent physician associations, HealthCare Partners, for $4.4 billion in cash and stock, plus up to an additional $275 million in earn-out payments, under a definitive agreement announced May 21. DaVita, which manages more than 1,800 dialysis centers across the U.S. and 145,000 patients, will become a more fully integrated care company post-merger. IPAs like HealthCare Partners manage and operate large multi-specialty networks of doctors that allow for the network to manage some of the risk from third-party payers like Medicare. HealthCare Partners operates primarily in Southern California, Central Florida and Nevada, providing services to more than 667,000 patients with the help of 700 physicians. The firm had $2.4 billion in revenues in 2011, while DaVita reported $6.9 billion.
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Medtronic announced it received expanded MRI labeling for its DBS systems, which is critical, given that almost 70% of all DBS-eligible patients will likely need an MRI at some point in their care, says Ashwini Sharan, CMO for Medtronic Neuromodulation.
In this episode, Medtech Insight reporter Natasha Barrow speaks to LungLife AI CEO Paul Pagano. Lung Life AI is a US-based AIM-listed medical technology company that has developed a liquid biopsy test for the early detection of lung cancer called Lung LB. Pagano runs through the highlights of Lung Life AI journey to date and its future ambition for a strategic partnership. He also provides advice to similar diagnostic companies seeking reimbursement andcompliance with the US FDA Lab Developed Test ruling.
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