Surgery Partners outlook, USPI leadership move & more – 5 recent key notes on ASC companies
The $792 million Surgery Partners and Symbion deal is expected to close in the fourth quarter of this year. Moody's Investors Services gave Surgery Partners a 'B3' rating. Moody's attributed its rating to the company's high level of debt, but offered a positive outlook on the company's place in a growing industry. Standard & Poor's Ratings Service predicts moderate cash flow and stable margins, but mentioned the risk of integration on such a large scale.
In the closing of the $2.35 billion Sheridan Healthcare acquisition, AmSurg paid approximately $2.1 billion in cash and issued 5.7 million shares of common stock.
Harold L. Paz, MD, a United Surgical Partners International board member, will join Aetna as executive vice president and chief medical officer.
Hospital Corporation of America stock traded at $62.44 per share during the week of July 14 to 18, up 11.62 percent.
Medical Facilities Corporation announced a cash pay dividend of $Cdn$0.09375 per common share, while will be payable on August 15.
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