AmSurg operates 260 ASCs at end of Q3; Tenet stock down 51.2% so far in 2016 & more — 4 ASC company key notes

Here are four updates from the past week.

Advertisement

Dallas-based Tenet Healthcare’s stock decreased in value by 51.19 percent so far in 2016. Presently, the stock is 56.6 percent below its 52-week high of $34.08.

Royal Bank of Canada lowered Toronto, Canada-based Medical Facilities Corp.’s price target to $23. The company’s market cap. totals $538.01 million.

In the third quarter of fiscal year 2016, Nashville, Tenn.-based AmSurg operated 260 ASCs and one surgical hospital, slightly more than its 253 ASCs during Q3 FY 2015.

For FY 2016, Houston-based Nobilis Health Corp. expects adjusted EBITDA to reach $53 million.

If you have a question, issue or note to suggest on an ASC management and development company please contact Mary Rechtoris at mrechtoris@beckershealthcare.com.

More articles on surgery centers:
SCA CEO sells 7.3k company shares: 5 facts
Northwell Health completes 7th ASC JV; Acquires 70% stake in Suffolk Surgery Center — 6 things to know
Shriners Hospitals for Children prepares for relocation plans featuring 2 ASCs — 4 highlights

At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.

Advertisement

Next Up in ASC Transactions & Valuation Issues

Advertisement

Comments are closed.