Health Care – Open Mind http://open-mind.org/ Mon, 22 Nov 2021 04:06:40 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://open-mind.org/wp-content/uploads/2021/06/icon-6-150x150.png Health Care – Open Mind http://open-mind.org/ 32 32 Forsyth Health Initiatives Receives $ 93 Million From State Budget | Government and politics https://open-mind.org/forsyth-health-initiatives-receives-93-million-from-state-budget-government-and-politics/ Mon, 22 Nov 2021 01:00:00 +0000 https://open-mind.org/forsyth-health-initiatives-receives-93-million-from-state-budget-government-and-politics/ Meanwhile, the Addiction Recovery Care Association (ARCA) has raised $ 2.2 million for infrastructure needs in their new home at 5575 Shattalon Drive. The new TROSA center is due to open in early 2022, where it will have beds for 100 men with 20 employees. TROSA plans to provide beds for 200 people with opioid, […]]]>

Meanwhile, the Addiction Recovery Care Association (ARCA) has raised $ 2.2 million for infrastructure needs in their new home at 5575 Shattalon Drive.

The new TROSA center is due to open in early 2022, where it will have beds for 100 men with 20 employees.

TROSA plans to provide beds for 200 people with opioid, alcohol and other substance use disorders by the completion of the second phase, likely sometime in 2023, said Brian Buland, project manager for the Winston-Salem campus.

Durham-based TROSA uses an abstinence model to treat people with addictions. The customers stay for two years and receive vocational training in areas such as gastronomy and gastronomy, lawn care and construction.

In addition, TROSA plans to operate a thrift store near Peters Creek Parkway that will generate revenue for the facility while also providing retail training to the men in the program.

Treatment at TROSA is free of charge. It also doesn’t accept insurance.

TROSA previously secured a $ 6 million grant from state lawmakers.

Second harvest

Second Harvest Food Bank of Northwest NC receives $ 6.67 million for new headquarters on the Whitaker Park campus.

The facility will cover an area of ​​almost 140,000 square meters and is due to be completed in autumn 2022


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Emory Healthcare CEO Resigns and Moves to Faculty | Georgia News https://open-mind.org/emory-healthcare-ceo-resigns-and-moves-to-faculty-georgia-news/ Sat, 20 Nov 2021 15:21:00 +0000 https://open-mind.org/emory-healthcare-ceo-resigns-and-moves-to-faculty-georgia-news/ ATLANTA (AP) – The head of one of the largest healthcare providers in Georgia is stepping down. Emory Healthcare CEO Jonathan Lewin will leave the position after a new executive is selected, Emory University said. Lewin is also executive vice president of health affairs for Emory University and executive director of the Woodruff Health Sciences […]]]>

ATLANTA (AP) – The head of one of the largest healthcare providers in Georgia is stepping down.

Emory Healthcare CEO Jonathan Lewin will leave the position after a new executive is selected, Emory University said.

Lewin is also executive vice president of health affairs for Emory University and executive director of the Woodruff Health Sciences Center, which includes the university’s medical, nursing and public health schools. He also gives up these positions. He will join the faculty at Emory University.

“I cannot stress enough what an incredible privilege it was to lead both Woodruff Health Sciences Center and Emory Healthcare,” said Lewin in a statement about seeing this great institution and new ways of helping make life better and to give hope. “

Lewin joined Emory in 2016 after holding leadership positions at Johns Hopkins Medicine and Case Western Reserve University. He led a significant expansion for Emory Healthcare, including the purchase and development of a new campus in the Atlanta area and the opening of the Emory University Hospital Tower, the Atlanta Hawks Practice and Sports Medical Facility, and numerous outpatient locations, the university said. Operating revenue rose to $ 5.5 billion, an increase of more than 80%.

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Lewin also set up Emory Healthcare’s new Office of Well-Being to focus on the health and wellbeing of providers and appointed the healthcare system’s first Chief Diversity, Equity and Inclusion Officer.

During Lewin’s tenure, Emory also saw a significant increase in research funding. The university announced Lewin’s departure on November 12th.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


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Local health systems at a turning point in part due to COVID https://open-mind.org/local-health-systems-at-a-turning-point-in-part-due-to-covid/ Thu, 18 Nov 2021 23:55:39 +0000 https://open-mind.org/local-health-systems-at-a-turning-point-in-part-due-to-covid/ Health systems in Region 6 are at a turning point – our individual and collective resources are being overwhelmed and we need the help of our communities to get back on track. For all healthcare providers in Michigan Region 6, the health and wellbeing of our patients, their families, our communities, and our team members […]]]>

Health systems in Region 6 are at a turning point – our individual and collective resources are being overwhelmed and we need the help of our communities to get back on track.

For all healthcare providers in Michigan Region 6, the health and wellbeing of our patients, their families, our communities, and our team members are paramount.

Region 6 includes Clare, Ionia, Isabella, Kent, Lake, Mason, Mecosta, Montcalm, Muskegon, Newaygo, Oceana, Osceola, and Ottawa Counties.

The hospitals and emergency services in our region are of the highest standard – and have been for weeks. While the number of patients with COVID-19 has declined in other regions of the country, our numbers are increasing. We are also seeing more patients with other serious health problems that cannot be further delayed or ignored.

How does this affect you?

• Waiting times for emergency, emergency or primary care can be much longer than usual

• Ambulance transfers may be delayed

• Operations or interventions can be postponed to a later date

• Visitor restrictions remain in effect

• You may be staying in the emergency room for a long time and waiting for a hospital bed

Similar to other industries in the region, in the state and across the country, we too face human resource challenges. Our team members are exhausted and doing their best for our communities.

It’s important to note that the strain on our system comes from the COVID-19 response, as well as the many other demands our teams face while caring for critically ill patients. If more people were vaccinated it would help reduce the number of COVID-19 patients, as most COVID-19 patients remain unvaccinated in the emergency room and admitted. This affects our ability to care for people who have been seriously injured in a car accident, have a heart attack or stroke, or have another medical emergency or problem. We fear that along with the current surge in COVID-19, there will be a surge in influenza, compounding capacity problems. We urge people to get vaccinated against the flu as well.

If you have minor problems or problems that do not arise, please contact your family doctor. Urgent care is also offered for non-urgent emergencies. In an emergency, please call 911 or go to the emergency room as soon as possible. During the previous climb, some people waited too long because they didn’t want to burden the emergency room. Unfortunately, some of these people came too late to treat their emerging medical conditions such as stroke, heart attack, or diabetes emergencies. Please be patient with our hospital staff as each is doing their best to care for a large number of patients.

Everyone can help. We ask our community members to do everything possible to avoid COVID-19 and lead a healthy lifestyle:

• Get a COVID-19 vaccination or booster if you are eligible

• Have a COVID-19 vaccine for children aged 5 to 18 years

• Wash your hands frequently

• Wear a mask when you are indoors or outdoors when you are unable to distance yourself socially

• Practice healthy behaviors such as social distancing, good sleep, healthy eating, and exercise.

We know that we can get through this together safely, but we need your help. Thank you for your support and patience as we overcome these challenges.


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The deadline for the COVID vaccination for health care workers in New Jersey is December 6th https://open-mind.org/the-deadline-for-the-covid-vaccination-for-health-care-workers-in-new-jersey-is-december-6th/ Wed, 17 Nov 2021 09:01:40 +0000 https://open-mind.org/the-deadline-for-the-covid-vaccination-for-health-care-workers-in-new-jersey-is-december-6th/ Vaccination regulations imposed by some of New Jersey’s largest health systems, including Hackensack Meridian Health, RWJBarnabas Health and Virtua Health, have used the risk of job loss to induce tens of thousands of employees to vaccinate against COVID-19. Now the federal government has imposed a deadline obliging almost all medical facilities across the country to […]]]>

Vaccination regulations imposed by some of New Jersey’s largest health systems, including Hackensack Meridian Health, RWJBarnabas Health and Virtua Health, have used the risk of job loss to induce tens of thousands of employees to vaccinate against COVID-19.

Now the federal government has imposed a deadline obliging almost all medical facilities across the country to enact the same requirement, removing the testing option that some staff have allowed for a vaccination refusal.

The new federal rule is expected to attract thousands more in New Jersey – and potentially tens of thousands of health workers across the country – to receive the shots.

An estimated 8,900 long-term care workers in New Jersey remain unvaccinated, as do an unknown number of home health officials, dialysis centers, and inpatient health facilities. It also affects around 2,300 Atlantic Health System employees and several hundred in other hospitals that have approved frequent COVID tests as vaccination alternatives.

Dr.  Nilesh Patel will receive his first vaccination with the COVID-19 vaccine on December 18 at St. Joseph's University Medical Center in Paterson.

The federal deadline for those who work in these facilities and have held out until now is December 6th to receive their first dose of a Moderna or Pfizer vaccine, or the Johnson & Johnson vaccine.

The emergency rule, announced by the federal centers for Medicare and Medicaid services on November 4, requires all healthcare facilities funded by Medicare or Medicaid to exempt vaccines for medical or religious reasons only. All others need to be vaccinated.



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Audit calls for changes to save on state health care for workers https://open-mind.org/audit-calls-for-changes-to-save-on-state-health-care-for-workers/ Mon, 15 Nov 2021 14:59:33 +0000 https://open-mind.org/audit-calls-for-changes-to-save-on-state-health-care-for-workers/ MONTPELIER, Vt. (AP) – An audit found that health care costs for Vermont state employees skyrocketed between 2010 and 2019, calling for changes to save money. The report released Friday by state auditor Doug Hoffer found that the cost of annual reimbursement for state employees, retirees and their families rose 51% from $ 94 million […]]]>

MONTPELIER, Vt. (AP) – An audit found that health care costs for Vermont state employees skyrocketed between 2010 and 2019, calling for changes to save money.

The report released Friday by state auditor Doug Hoffer found that the cost of annual reimbursement for state employees, retirees and their families rose 51% from $ 94 million to $ 142 million during that time, the Burlington reported Free press.

One reason for the increase was that different healthcare providers charged different amounts for the same treatment.

“The price difference paid for exactly the same health procedures under the state health plan for workers is appalling, especially since higher prices do not necessarily mean higher quality,” Hoffer said in a statement.

The reports suggest that the state is moving to reference-based prices, where the state sets a maximum price it would pay for each service instead of paying the price negotiated by the health care provider and insurance company. Hoffer said this could save the state $ 16.3 million annually.


A second suggestion is to provide public servants, retirees and their families with information on care costs and a financial incentive for them to take advantage of cheaper options. The report forecast this could save $ 202,000 annually if implemented for seven specific services.

“When government employees and their families are cared for by the most expensive health care providers, often without knowing it, it increases the cost of health care for patients, the state and taxpayers,” said Hoffer.

He urged the governor and the state legislature to act on the results of the report.


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How to show support for health care workers in Oklahoma City during COVID https://open-mind.org/how-to-show-support-for-health-care-workers-in-oklahoma-city-during-covid/ https://open-mind.org/how-to-show-support-for-health-care-workers-in-oklahoma-city-during-covid/#respond Tue, 09 Nov 2021 10:01:52 +0000 https://open-mind.org/how-to-show-support-for-health-care-workers-in-oklahoma-city-during-covid/ A simple “thank you” is enough for Courtney Dooty, a registered nurse who works in Oklahoma City. On a recent shift, a family member of a patient heard someone yell at Dooty and left the room with a few words for Dooty, “Thank you, and I appreciate you,” she recalled. “It’s really just the ‘thank […]]]>

A simple “thank you” is enough for Courtney Dooty, a registered nurse who works in Oklahoma City.

On a recent shift, a family member of a patient heard someone yell at Dooty and left the room with a few words for Dooty, “Thank you, and I appreciate you,” she recalled.

“It’s really just the ‘thank you. We’re here for you. See you ‘”that means a lot, said Dooty. “Even the smallest thing – thank you cards, especially from the kids – it’s really, really cute.”

More:Overwhelmed by COVID-19 patients, Oklahoma nurses plead for people to get vaccinated

Dooty works at Integris Southwest Medical Center at the stroke and neurology level that sees “a little bit of everything and everything”. If hospitals are overloaded with COVID-19 patients, it affects everyone, she said, even the staff who work in other departments.


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COVID Shot Federal opt-out not as clear as Democrats claim | New York News https://open-mind.org/covid-shot-federal-opt-out-not-as-clear-as-democrats-claim-new-york-news/ https://open-mind.org/covid-shot-federal-opt-out-not-as-clear-as-democrats-claim-new-york-news/#respond Sun, 07 Nov 2021 15:03:00 +0000 https://open-mind.org/covid-shot-federal-opt-out-not-as-clear-as-democrats-claim-new-york-news/ By JOHN O’CONNOR, AP Political writer SPRINGFIELD, Illinois (AP) – Lawsuits against Illinois over the required COVID-19 vaccination were mounting, and the reason was clear: the leverage of the state Health Act’s legal remedies for remorse when expressing religious objections to the shot and invoking sanctions, including job loss associated with refusal. Democrats who control […]]]>

By JOHN O’CONNOR, AP Political writer

SPRINGFIELD, Illinois (AP) – Lawsuits against Illinois over the required COVID-19 vaccination were mounting, and the reason was clear: the leverage of the state Health Act’s legal remedies for remorse when expressing religious objections to the shot and invoking sanctions, including job loss associated with refusal.

Democrats who control the General Assembly went to work last month to change that, but publicly dodged the complaints as a reason. They said their action had nothing to do with restricting freedom of religion. Anyone who is fired from a job for religious reasons after a vaccination refusal can file a lawsuit under one of at least four different federal laws, they said.

“People will be able to request a religious exception well after this law comes into effect …” claimed Senate President Don Harmon, a sponsor of the change, in the debate. “The religious exception exists in federal law and remains unaffected.”

Constitutional scholars disagree with this claim. None of the laws cited by Democratic Governor JB Pritzker’s office – the prohibition of discrimination in the workplace under the Civil Rights Act, the Americans with Disabilities Act, or the protection of age or genetic information – would likely raise a religious objection to the COVID- Recognize 19 vaccine, they say.

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But if federal religious protection is available, why the long nights and hours of debates at the end of the fall legislature session to clarify that Illinois law of conscience does not cover opposition to the coronavirus vaccine?

“It wouldn’t do much good to change it if the same exceptions were available elsewhere,” said Douglas Laycock, a law professor at the University of Virginia whose writings on religious freedoms have been compiled into five volumes. “They aren’t unless the Supreme Court changes the law.”

Cases contesting compulsory vaccination in Maine and New York are close to court review.

The state’s Right to Remorse in Health Care Act, passed in 1978, has long been seen as a protection against consequences for doctors who refuse to perform abortions on moral grounds.

The Democrats’ clarification, which has yet to be sent to Pritzker for his OK, would ensure that the legal ban on religious objections does not apply to denial of the COVID-19 vaccine. Lawsuits across Illinois – nine so far in which the state is a defendant and two private parties overseen by the attorney general – are calling for penalties for refusing vaccination based on the law of conscience.

But like Harmon, the House sponsor, Rep. Robyn Gabel, an Evanston Democrat, took a hands-free approach to the challenges of religious freedom.

“The change … (says) nothing in this section is intended to affect any right or remedy under federal law …” said Gabel. “The federal religious placement exemption is still available to employees who have religious objections to vaccines.”

The problem is that federal regulations have been interpreted narrowly – or they don’t exist.

Title VII of the Civil Rights Act prohibits discrimination in the workplace based on religion, said Nelson Tebbe, a law professor at Cornell University. However, an employer doesn’t have to abide by it if it could harm other workers – which clearly could mean mixing up with an unvaccinated colleague, he said.

Regarding the ADA, Tebbe said, “I don’t know that a religious objection could qualify as a disability.”

Katherine Franke, a law professor at Columbia University in New York who specializes in gender and sexuality law, and rights and religion, noted that a religious exception under the Civil Rights Act has not been considered in court.

But it clearly excluded age discrimination laws in employment and laws discriminating against genetic information, two federal laws that Pritzker’s office cited as applicable.

Pritzker and the Democratic Legislature would find a better reception for their position by simply referring to the Free Exercise Clause, the influence of which has grown with the spread of COVID-19.

At a joint hearing of the US House of Representatives subcommittee late last month on vaccine requirements and accompanying employer accommodation, Laycock testified, “Vaccinations are a simple case of denying an exception. … Serious threats to human life are overriding government interests.”

And the US Supreme Court agreed to it as early as 1905 – “at least until our current political polarization,” added Laycock.

That track record is being scrutinized in Maine and New York, where federal courts have so far upheld vaccination mandates for health workers in New York and hospital and nursing home workers in Maine without offering exceptions for religious exceptions.

In the Maine case, the US Supreme Court declined emergency intervention. Judges Amy Coney Barrett and Brett Kavanaugh, appointed by former President Donald Trump, advised caution in granting “extraordinary relief” in a first case of its kind.

“Religious applicants say, ‘If you can take alternative measures in relation to people who do not have a vaccination for medical reasons – such as wearing masks and wearing tests – then you should be able to apply those measures to religious applicants”, said Tebbe.

AP researcher Rhonda Shafner in New York contributed to this.

Follow political writer John O’Connor at https://twitter.com/apoconnor

Selected COVID-19 vaccination lawsuits based on the Illinois Health Care Right of Conscience Act: https://bit.ly/2ZViieC

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.



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Essentia recognized as a leader in health technology https://open-mind.org/essentia-recognized-as-a-leader-in-health-technology/ https://open-mind.org/essentia-recognized-as-a-leader-in-health-technology/#respond Fri, 05 Nov 2021 12:00:00 +0000 https://open-mind.org/essentia-recognized-as-a-leader-in-health-technology/ Essentia Health was named a technology leader for the second year in a row by the College of Healthcare Information Management Executives. Healthcare organizations are recognized for their information technology achievements and are certified through the Digital Health Most Wired program of the College of Healthcare Information Management Executives. Organizations are certified as Level 1-10; […]]]>

Essentia Health was named a technology leader for the second year in a row by the College of Healthcare Information Management Executives.

Healthcare organizations are recognized for their information technology achievements and are certified through the Digital Health Most Wired program of the College of Healthcare Information Management Executives. Organizations are certified as Level 1-10; those at level nine or 10 are considered technology leaders.

Essentia’s acute and outpatient facilities are Level 9 certified, which means they were in the top 1% of organizations that were rated. According to Chuck Watson, Essentia’s chief information officer, only 107 of the 36,000+ rated organizations were rated 9 or 10.

“Our outstanding ranking is based on how well we implement updates to the functionality of our electronic medical record, Epic, which is a popular and ubiquitous software solution for healthcare systems,” the press release said.

Essentia had never made a virtual visit before March 2020. But in response to the COVID-19 pandemic, it rolled out that option and performed more than 3,500 a day in weeks and had made more than 400,000 virtual visits in a year, officials said.

“Essentia made a significant shift to a virtual health world last year with the impressive expansion of electronic visits and telehealth services,” said Nicole Pavlovich, senior project manager for information systems at Essentia, in the press release.


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Who Makes Healthcare Decisions When You Can’t? https://open-mind.org/who-makes-healthcare-decisions-when-you-cant/ https://open-mind.org/who-makes-healthcare-decisions-when-you-cant/#respond Wed, 03 Nov 2021 17:37:30 +0000 https://open-mind.org/who-makes-healthcare-decisions-when-you-cant/ It is very important to us to be able to make decisions about healthcare ourselves, but what happens when you become incapacitated and cannot express your opinion? If you don’t have a health care agent or guardian, state law determines who can make these decisions. In the event of an emergency, medical providers can take […]]]>

It is very important to us to be able to make decisions about healthcare ourselves, but what happens when you become incapacitated and cannot express your opinion? If you don’t have a health care agent or guardian, state law determines who can make these decisions.

In the event of an emergency, medical providers can take steps to keep us alive, but once the emergency is over, medical providers will seek someone to make the important medical decisions. If you are unable to make your own health care decisions, temporarily or permanently, and you have nothing to allow someone else to make those decisions for you, then most state laws determine who has the right to to act on your behalf.

The list of substitutes who can make medical decisions for you is usually ordered in priority, starting with your spouse and adult children. Parents, siblings, grandchildren, and close friends can also be substitutes. These may not be the people you would like them to make decisions for you and if your wishes are not spoken out it can lead to disagreements in your family and confusion among health professionals.

Some states (Massachusetts, Missouri, Nebraska, and New Jersey) do not have laws that dictate who can act on the behalf of a disabled person. In these states, your family may need to go to court to appoint a guardian. Even in states with surrogacy laws, family members on the surrogacy list may disagree on treatment and end up in court asking the court to appoint a guardian. Guardianship is a legal relationship between a knowledgeable adult (the “Guardian”) and a person who is no longer able to manage their own affairs (the “Caregiver”) due to inability to manage their own affairs. The guardian can be empowered to make legal, financial, and health decisions for the ward. The guardianship process is expensive, time consuming and very restrictive so it is almost always the last resort.

The best way to avoid the state deciding who to act for you, or the difficulties of guardianship, is to give you a Health Power of Attorney (or Health Power of Attorney). A health care authorization is a document that you can use to appoint someone you trust as your proxy to make medical decisions. By executing a power of attorney, you authorize your proxy to carry out your wishes. Doctors and other healthcare professionals will appoint the person named in the document to act on your behalf.

Contact your lawyer to prepare a power of attorney. To find a lawyer near you, click here.

Last changed: 03/11/2021

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The volume of health contracts will remain at a record pace for 2021 https://open-mind.org/the-volume-of-health-contracts-will-remain-at-a-record-pace-for-2021/ https://open-mind.org/the-volume-of-health-contracts-will-remain-at-a-record-pace-for-2021/#respond Tue, 02 Nov 2021 08:01:38 +0000 https://open-mind.org/the-volume-of-health-contracts-will-remain-at-a-record-pace-for-2021/ Although the transaction volume in September (213) fell slightly compared to the summer, the deals announced and concluded in the first three quarters of 2021 (2,156) already exceed the total volume for 2020 as a whole (1,936). At the current pace, the volume of transactions will easily exceed 2,750 in 2021 – and likely exceed […]]]>

Although the transaction volume in September (213) fell slightly compared to the summer, the deals announced and concluded in the first three quarters of 2021 (2,156) already exceed the total volume for 2020 as a whole (1,936).

At the current pace, the volume of transactions will easily exceed 2,750 in 2021 – and likely exceed the 3,000 mark, as the large volume of ongoing transactions is slated to close before the end of the year for a variety of reasons, including uncertainty in future tax based on the current one Discussions in Congress as well as the desire to capture the current frothy reviews of the market.

In terms of the two leading sectors, Life Science and Pharma has already closed nearly 400 deals (and expected to exceed 500 by year-end), while Healthcare IT and Software have already exceeded 320 deals and are expected to end the year with around 450 deals.

Economic headwinds (e.g., ongoing supply chain challenges, higher inflation, and labor shortages) and ongoing uncertainty about whether Congress can pass an infrastructure bill or a democratically motivated reconciliation bill could dampen enthusiasm for investing in healthcare; However, we assume that the deal market will remain robust in the fourth quarter despite the economic and political headwinds.

Life Sciences and Pharmacy

Life Science and Pharma had the highest volume of deals announced or closed in September (47) and averaged 49 deals over the past three months, the most active quarter of the year. A persistently strong pipeline along with the recent announcements about the additional Covid-19 therapeutics, including oral antivirals and vaccine boosters, are likely to carry this momentum through the end of the year. On the flip side, investors will no doubt be watching what kind of prescription drug price control measures could emerge from the current discussions among Democrats in Congress.

Health IT and software

With nearly 30 deals in September, healthcare IT is well on the way to becoming the second most popular deal announced or closed in any industry this year. As the pandemic continues for the coming months, consumer demand for innovative remote care options and new innovative IT tools is likely to remain high, creating a new hybrid care system that meets both pre-pandemic and pandemic consumer needs.

Medical devices and consumables

The medical device and utilities sector has also seen nearly 300 transactions so far in 2021 and could hit 400 by the end of the year due to various factors including continued demand related to the distribution and delivery of Covid-19 vaccines.

Medical practices & services

The Medical Practice and Services sector recorded 36 completed or announced transactions in September and closed the third quarter with a total of 79 transactions. Interest in this sector continues, and with numerous doctor groups having deals in process that are expected to close by the end of the year, we expect this sector to top 400 deals this year.

Women’s Health had another active month with a total of five deals, underscored by several acquisitions by Webster Equity Partners following the company’s entry into the space with the acquisitions of California’s Santa Monica Fertility in late 2019 and Ohio-based Reproductive Gynecology & Infertility in August 2021 The company expanded its geographic reach in September, adding Dominion Fertility, based in Virginia, and the Institute for Human Reproduction, based in Illinois.

Ophthalmology transaction activity also remains robust, with nine transactions completed or announced during the month. Retina Consultants of America and US Eye were the most active buyers, closing two deals each during the month. Texas-based Retina Consultants of America continued its series of acquisitions in 2021, adding offices in New York and Tennessee, while Florida-based US Eye added groups in Virginia and North Carolina.

Home health and hospice

The home health and hospice sector has surpassed 100 transactions to date in the third quarter and could very well exceed 150 transactions by the end of the year due to continued and growing demand for affordable and convenient home health services.

Behavioral health

Behavioral Health had an active month in September with a total of 30 in the third and 99 so far in 2021 and could potentially close the year with over 150 deals due to the extensive activity in the pipeline. The sector has seen increased demand for services in recent years due to the growing recognition of its importance, a trend accelerated by Covid-19 and the mental health impact of the pandemic.

The largest transaction in the industry in September was the acquisition of Summit BHC by Patient Square Capital for $ 1.3 billion. The transaction is only the fourth for Patient Square, a newly formed private equity firm led by former KKR healthcare chief Jim Momtazee. Summit is a leading drug abuse treatment platform and mental health services based in Tennessee. The company grew rapidly after being sold to Lee Equity Partner and FFL Partners in 2017 after making seven acquisitions, opening five new facilities and expanding many of its existing facilities during the ownership of the companies. Today the practice has 24 locations in 16 states.

cannabis

The transaction volume of cannabis also remains robust, with over 200 years to the third quarter, almost doubling last year’s activity. It is quite possible that this sector could close the year with over 300 transactions.

While the concentration of business remains high in states like California and Colorado, which have legalized cannabis for years, activity continues in a variety of states that recently passed laws legalizing both medicinal and recreational marijuana .

Outlook for Q4 2021

For all of the reasons outlined above, we expect a super robust fourth quarter with a record number of deals in all leading sectors by closing in 2021 with around 3,000 total deals. This rapid pace of health deals is expected to continue well into 2022 as long as the economy does not suffer major disruptions.

This column does not necessarily represent the opinion of the Bureau of National Affairs, Inc. or its owners.

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Information about the author

Gary W. Herschman is a member of Epstein Becker Green in his Newark, NJ office. Anjana D. Patel is a member of Epstein Becker Green in Newark. Zachary S. Taylor is an associate at Epstein Becker Green in Newark. Hector M. Torres is Managing Director at FocalPoint Partners LLC in Chicago. Larry Kocot is Senior and National Director of the Center for Healthcare Regulatory Insight at KPMG LLP in Washington, DC Carole Streicher is US Lead Partner, Deal Advisory and Strategy at KPMG LLP in Chicago

Ryan DeBlaey and Michael Stotz from FocalPoint partners; and KPMGs Ross White, Puja Ghelani and Shakoor Jilani contributed to this article.


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