CHARLOTTE, N.C.-Presbyterian Hospital here has agreed to acquire the Bradford Clinic, a local 11-member obstetrics and gynecology practice. Under the tentative agreement, the 590-bed hospital will acquire the assets of the clinic, and its physicians will become employees of the hospital's new physician-hospital organization, Presbyterian Healthcare Associates Corp. The addition of the practice will increase the number of physicians in the hospital's PHO to about 50. The deal is expected to close early this month. The acquisition price wasn't disclosed.
JACKSONVILLE, Fla.-The Florida Medical Association has decided to fight a federal appellate court decision allowing the state of Florida to cap fees charged for certain procedures in free-standing medical clinics. The 11th Circuit Court of Appeals in Atlanta reversed a federal judge's injunction on the fee cap, which was signed into law by Florida Gov. Lawton Chiles in 1992 (Feb. 28, p. 32). The FMA is considering several tactics, including requesting a rehearing before the 11th Circuit and asking the U.S. Supreme Court to hear the case.
WEST PALM BEACH, Fla.-Clinicorp, a chiropractic clinic management company based in West Palm Beach, has announced plans to acquire Community Medical Plan, Fort Lauderdale, for $27 million in cash and securities. Community Medical operates 17 allopathic primary-care clinics and operates a Medicaid HMO for 22,600 people in southern Florida. A CliniCorp spokesman said the HMO acquisition will enable the company to integrate chiropractors, nurse practitioners and physicians into a diversified primary-care network. Community Medical revenues in the fiscal year ended Sept. 30, 1993, totaled $25.4 million. CliniCorp owns 61 clinics in 10 states, including 13 in Florida. CliniCorp's revenue for 1993 totaled about $30 million, the spokesman said.