Here are eight updates on ASC companies.
AmSurg's net revenues for Physician Services reached $331 million for the second quarter of 2015. Same-contract growth in net revenues totaled 14.3 percent for the quarter which consisted of a 3.8 percent increase in patient encounters and a 10.5 percent increase in net revenue per patient encounter.
On its market debut, Surgery Partners shares dropped nearly 10.8 percent. Surgery Partners raised $271.4 million in a 14.3 million share offering with shares priced at $19 per share.
Surgical Care Affiliates' total net operating revenues rose 21.5 percent in the second quarter of 2015, increasing to $253.7 million from $208.7 million in the prior year period. The increase is partly attributed to the revenues earned from acquisitions, high acuity case mix as well as higher volumes in many of SCA's larger facilities.
Cottage Health System is seeking a buyer for its Santa Barbara Outpatient Surgery Center as it plans to merge with Sansum Clinic. United Surgical Partners International is the center's potential buyer, but USPI needs to appraise the center before reaching an agreement with Cottage Health.
Baptist Health System, based in Birmingham, Ala., formed a joint venture with Tenet Healthcare to own and operate a network of healthcare facilities serving residents in Birmingham and central Alabama. Tenet is the majority partner in the joint venture and will manage the network's operations.
The Centers for Medicare and Medicaid Services selected Tenet Healthcare as one of 39 nationwide organizations to participate in CMS' Transforming Clinical Practice Initiative. Tenet will implement the practice transformation program in its clinically integrated physician networks in Detroit, Philadelphia as well as El Paso, Harlingen and Brownsville, located in Texas.
Hospital Corporation of America shares traded at $77.89 per share, down nearly 2 percent during the week of Sept. 28 to Oct. 2.
On Sept. 28, Medical Facilities declared a monthly dividend of $0.0939 per share. The dividend presents a dividend yield of 7.08 percent, according to Financial Wisdom.
If you have a question, issue or note to suggest on an ASC management and development company please contact Carrie Pallardy at cpallardy@beckershealthcare.com or Mary Rechtoris at mrechtoris@beckershealthcare.com