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Article: Scripps Clinic poised for doc group deal.(San Diego, CA)
- Article from:
- Modern Healthcare
- Article date:
- November 18, 1996
- Author:
CopyrightCOPYRIGHT 1996 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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With $40 million in debt and private equity, San Diego's Scripps Clinic is in the market to buy or merge with a few academically oriented, "high-quality" physician group practices before going public in the next 12 months.
As a publicly traded company, Scripps would occupy a special niche in the increasingly crowded physician practice management field.
Breaux Castleman, Scripps' president and chief operating officer, said the clinic is negotiating with four practices across the country, but no letters of intent have been signed. The aim, he said, is to brand those practices with the Scripps name, which carries weight as a high-quality establishment.
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