Two Medical Specialty Groups Plan To Merge in January
Two San Francisco Bay Area medical specialty groups -- Pacific Urology, and Diablo Valley Oncology and Hematology Medical Group -- have announced that they plan to merge in January "as a hedge against mounting business challenges." The groups noted that a looming reduction in Medicare payments of about 30% influenced their decision. The new 13-member practice will share infrastructure and resources such as clinic facilities and information technology.
- "Two East Bay Specialty Medical Groups To Merge in January" (Rauber, San Francisco Business Times, 11/14).