Allison Nelson, co-deputy chair of Akerman’s real estate group, does a lot of mergers and acquisitions work for local healthcare systems. Since COVID-19, she has noticed what some consider an alarming trend. “I see an uptick in physicians selling their practices,” she says. “If you have a small solo practitioner or even a mid-sized or regional practice group, they’re looking at the uncertainty of where things are going to go with COVID. If there is a large healthcare system that’s coming in and wanting to buy their practice, I think that this is helping them decide to go ahead and sell.” Nelson isn’t alone picking up on this trend. In April, Axios reported that the coronavirus was forcing smaller providers to consider selling or shuttering their practices. “I think the individual practitioners have been hit hard [by COVID-19], and even the hospitals, because they’re losing revenue from elective surgery,” Nelson says. “This is unlike the 2008 downturn, where I didn’t see that much of an impact on the healthcare industry.”
Read the full article: Landlords Stand to Benefit from Surging Medical Practice M&A //
Source: https://www.globest.com/2020/07/15/landlords-stand-to-benefit-from-surging-medical-practice-ma