Iowa Health to pur­sue ac­qui­si­tion of med­i­cal group

Modern Healthcare - - LATE NEWS -

Iowa Health Sys­tem, Des Moines, an­nounced plans to pur­sue an af­fil­i­a­tion agree­ment and ac­quire a 130-physi­cian mul­ti­spe­cialty group just over the state line in Illi­nois. Iowa Health of­fi­cials have signed a let­ter of in­tent to af­fil­i­ate with Quincy (Ill.) Med­i­cal Group, which has ex­per­tise in 27 med­i­cal and sur­gi­cal spe­cial­ties serv­ing pa­tients in west-cen­tral Illi­nois, north­east Mis­souri and south­east Iowa, ac­cord­ing to an Iowa Health news re­lease. The or­ga­ni­za­tions hope to com­plete the af­fil­i­a­tion by the end of this year, in­clud­ing any fi­nan­cial de­tails. Quincy Med­i­cal Group CEO Aric Sharp—who was named a 2011 Modern Health­care Up & Comer last month—said in a news re­lease that Iowa Health’s de­cen­tral­ized man­age­ment model would give Quincy some lo­cal con­trol while also bring­ing the ben­e­fits of a large health sys­tem. The news re­lease noted that “main­tain­ing the aspects of physi­cian own­er­ship and lo­cal gov­er­nance” was among the core prin­ci­ples be­hind the af­fil­i­a­tion.

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