AmSurg shares increase almost 15%, Tenet receives ‘B’ credit rating & more — 4 key notes on ASC companies

Here are four updates on ASC companies:

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1. AmSurg shares increased 14.92 percent and outperformed the S&P by 16.37 percent during the past week.

2. Tenet Healthcare received a “B” credit rating from Morningstar analysts, indicating the company is a high default risk.

3. Medical Facilities Corp. posted its quarterly earnings. MFC reported earnings per share of $0.20, surpassing Thomson Reuter’s estimate.

4. Chief Development Officer of Surgical Care Affiliates, Joseph T. Clark, sold 40,000 shares on Aug. 11. The shares were sold at $38.61 per share for a total value of $1.5 million, according to Insider Trading Report.

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.

More articles on surgery centers:
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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.

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