US Pharma MarketingGeorge Washington University locks deal to hand off debt-ridden physician practice to UHS
George Washington University has signed a definitive agreement that will offload financial responsibility for its struggling physician practice group to longtime partner Universal Health Services ( The university will offload financial responsibility of its medical group, which has lost over $450 million since 2022, to the for-profit system that already owns its affiliated hospitals. The five-year agreement commits the institution to hundreds of millions in additional investment and absorbed loans, but preserves care as well as the academic, training and research arrangements between clinicians and its medical school.
The university will offload financial responsibility of its medical group, which has lost over $450 million since 2022, to the for-profit system that already owns its affiliated hospitals. The five-year agreement commits the institution to hundreds of millions in additional investment and absorbed loans, but preserves care as well as the academic, training and research arrangements between clinicians and its medical school.
Source: Fierce Healthcare