Two PPMC industry leaders may join forces
Two PPMC industry leaders may join forces
Two of the largest and best-known companies in the physician practice management industry Nashville-based PhyCor and Birmingham, AL-based Medpartners Inc. have announced they intend to join forces pending regulatory approval.
PhyCor announced in late October that it would acquire Medpartners for $6.8 billion in PhyCor stock. PhyCor also will assume $1.2 billion of Medpartners’ debt. The combined company would have 35,000 physicians and contracts covering 3.2 million people. Based on recent financial results, it would have $8.4 billion in gross annual revenues and $278 million in net income.
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