Physician practice acquisitions going sour
Article Abstract:
Healthcare industry observers have expressed concern over the tendency of purchases of physician practices by healthcare services providers to lead to financial demise. Analysts maintain that such purchases have a high degree of failure on account of the high compensation offered to physicians to lure them into assenting to the deal. A bidding war for such practices can also lead healthcare givers into spending more than it should, in the process hurting its prospects for growth. Highmark Blue Cross and Blue Shield, Allegheny University Medical Practices have posted significant losses after completing physician practice acquisitions.
Comment:
Healthcare ind observers express concern over high degree of failure of cos engaging in purchase of physician practices
Publication Name: Pittsburgh Post-Gazette (PA)
Subject: Business, regional
ISSN:
Year: 1998
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AHERF executives line up as creditors
Article Abstract:
Allegheny Health Education and Research Foundation's (AHERF) some 152 current and former employees will become unsecured creditors in the foundation's $1.3-billion bankruptcy case. The employees, consisting of executives and managers, are owed money from a deferred compensation plan reserved for them by the foundation. In March 1998, a new plan called Key Employee Stock Ownership Plan was created for six of AHERF's top ranking officials which was used to repay over $6 million in loans it co-signed as additional perks for its executives. Only a fraction of their contributions to the plan can expected to be recovered.
Comment:
Some 152 current and former employees will become unsecured creditors in the foundation's $1.3-billion bankruptcy case
Publication Name: Pittsburgh Post-Gazette (PA)
Subject: Business, regional
ISSN:
Year: 1998
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Comment about this article or add new information about this topic:
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