Florida Heart Group sells to Florida Hospital (Orlando Sentinel)

January 8, 2013 – Adding to the growing trend toward hospitals acquiring physician practices, Florida Hospital (Adventist Health System / Aa3 / 48542ABX8) announced Monday that its medical group has purchased one of the region’s largest cardiology practices. Florida Heart Group’s 19 cardiologists and 125 workers became employees of Florida Hospital on Jan. 1. The agreement took effect the same day as the sale of Physician Associates — one of the region’s largest primary care groups with 95 doctors — became official to Orlando Health (A2 / 68450LAY1), Central Florida’s other large hospital system.  The trend raises concerns among some health-care observers who say such mergers lead to higher costs, less access and lost tax revenues.

Link to Full Article: http://www.orlandosentinel.com/news/local/breakingnews/os-florida-hospital-buys-heart-group-20130107,0,6265939.story

 

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