Four quarterly insights:
1. Investment keeps increasing, despite worsening U.S. international relations.
2. Provident said consolidation in the field is being driven by concerns that the Federal Reserve could cut interest rates.
3. Private equity and strategic acquirers led investment in the quarter with M&A activity continuing unrivaled. Long-term care facilities and physician service verticals like dermatology and ophthalmology had an abundance of investment.
4. Established healthcare-focused platforms, like Audax and Miami-based Gastro Health, expanded out of state in the quarter. Gastro Health, notably, acquired Birmingham, Ala.-based Southeast Gastro, its first move outside of Florida.
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At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
