1. Surgery Partners closed an $800 million equity offering in November. Bain Capital Private Equity, the company’s investment partner, participated with $225 million of the raise. The other $575 million is an upsized underwritten public offering.
2. Optum, parent company of SCA Health, acquired Houston-based Kelsey-Seybold for around $2 billion. Kelsey-Seybold is a multispecialty physician group with cancer and women’s health centers, two ASCs and a sleep center.
3. Dallas-based Tenet Healthcare paid $406 million to acquire Dallas-based Baylor Scott & White Health’s 5 percent equity position in USPI at the end of the second quarter. The acquisition gives Tenet full ownership of USPI, which runs 410 ASCs and 24 surgical hospitals in 34 states.
4. Surgery Partners is joining with ValueHealth to expand access to high-value surgical care. The partnership will aim to build ASCs and deploy ValueHealth’s value-based surgical programs at Surgery Partners’ current and in-development locations.
5. GI Alliance and USPI formed a joint venture for two Texas endoscopy centers. The partnership includes GAB Endoscopy Center in San Antonio and South Plains Endoscopy Center in Lubbock — both co-owned by GI Alliance’s physician partners.
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.