FMV BLOG

Updates to Medicare’s primary payment system for physician services mean significant increases for some providers, and likely severe decreases for others. On December 1, 2020, the Centers for Medicare and Medicaid Services (CMS) finalized updates for the 2021 Medicare Physician Fee Schedule (MPFS). The final rule represents some of the most impactful revisions to the physician payment model in its history. CMS analysis projects some provider specialties will see increases to

On December 10th, Tenet Health announced it was purchasing a portfolio of up to 45 ambulatory surgery centers from SurgCenter Development for $1.1b in cash plus the assumption of $18m in debt. The 45 centers are geographically diversified with locations in Arizona, Florida, Indiana, Louisiana, Maryland, Ohio, New Hampshire, Texas and Wisconsin. Tenet published an investor presentation indicating that SCD's centers generate annual revenue of ~$430m, adjusted EBITDA of ~$210m,

On December 1st, AdaptHealth announced it was purchasing AeroCare Holdings, Inc. for total consideration of $2b, consisting of ~$1.1 in cash and 31 million common shares valued at $926m as of November 30, 2020. Founded in 2000, AeroCare provides direct-to-patient respiratory and home medical equipment (“HME”) including CPAP and BiPAP machines, oxygen concentrators, home ventilators, and other durable medical equipment products. According to the financial information included