New Tenet & USPI JV, SCA public offering, MFC financial results & more – 7 recent ASC company key notes

Here are seven recent ambulatory surgery center company news updates.

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Tenet Healthcare and Welsh, Carson, Anderson & Stowe signed an agreement for Tenet and United Surgical Partners International to form a joint venture. The combined companies will own interests in 244 ASCs, 20 imaging centers and 16 surgical hospitals in 29 states.

Surgical Care Affiliates launched an underwritten public offering of 7 million shares of its common stock.

Twelve analysts have raised their rating of AmSurg stock to “buy.” The average 12-month price target on the company stock within the last year is $60.67

Medical Facilities Corporation announced its fourth quarter and year-end financial results. MFC reported consolidated facility service revenue of $311.8 million for 2014, a 0.9 percent increase from $309.2 million in 2013. Consolidated facility service revenue for the fourth quarter of 2014 was down 2.2 percent from $89.6 million in the fourth quarter of 2013 to $87.6 million.

MFC also announced a cash pay dividend of Cdn$0.09375 per common share.

Michael Lipomi, president and CEO of Surgical Management Professionals, is running for the Ambulatory Surgery Center Association board of directors.

Tenet Healthcare stock traded at $49.63 per share during the week of March 16 to March 20, up 4.95 percent.

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 Laura Dyrda at ldyrda@beckershealthcare.com.

More articles on ASC issues:
7 things for ASC leaders to know for Monday – March 23, 2015
42 statistics on ASC space and rent
6 legislative changes impacting ASCs – March 23, 2015

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