AmSurg’s net revenues for Physician Services reached $331 million for the second quarter of 2015. Same-contract growth in net revenues totaled 14.3 percent for the quarter which consisted of a 3.8 percent increase in patient encounters and a 10.5 percent increase in net revenue per patient encounter.
AmSurg acquired Bay Area Anesthesia in Tampa, Fla. Bay Area Anesthesia has three locations and two ASCs.
Humana renewed its contract with Hospital Corporation of America’s hospitals. HCA-affiliated Florida hospitals and Humana reached a two-year agreement, allowing commercial and Medicaid members, Humana Medicare and CarePlus Health Plans Medicare members to receive in-network care at HCA hospitals.
Hospital Corporation of America profits surpassed expectations in the second quarter. HCA profits reached $507 million, a 5 percent increase from the same period a year prior.
Medical Facilities reported $0.20 earnings per share for its quarterly earnings.
On Sept. 28, Medical Facilities declared a monthly dividend of $0.0939 per share. The dividend presents a dividend yield of 7.08 percent.
Regent Surgical Health partnered with the Surgery Center of Wasilla in Alaska. The partnership is comprised of 12 physicians and the center includes pain management, orthopedics, urology, ENT, podiatry, general surgery, gynecology, ophthalmology and varicose vein treatment.
Surgical Care Affiliates appointed Michael A. Sachs to its board of directors. Mr. Sachs previously served as chairman and CEO of Sg2, a healthcare analytics and consulting firm recently sold to MedAssets.
Surgical Care Affiliates’ total net operating revenues rose 21.5 percent in the second quarter of 2015, increasing to $253.7 million from $208.7 million in the prior year period. The increase is partly attributed to the revenues earned from acquisitions, high acuity case mix as well as higher volumes in many of SCA’s larger facilities.
Surgery Partners is selling 14.3 million common shares for its initial public offering. The company’s IPO is priced at $23 to $26 per share, putting the company’s value at approximately $1.25 billion. Th initial public offering is expected to net between $300 million and $350 million.
On its market debut, Surgery Partners shares dropped nearly 10.8 percent. Surgery Partners raised $271.4 million in a 14.3 million share offering with shares priced at $19 per share.
Baptist Health System, based in Birmingham, Ala., formed a joint venture with Tenet Healthcare to own and operate a network of healthcare facilities serving residents in Birmingham and central Alabama. Tenet is the majority partner in the joint venture and will manage the network’s operations.
Tenet Healthcare and Dignity Health and Ascension formed a joint venture to own and operate Carondelet Health Network in Arizona. Tenet’s shares dropped 6.18 percent during the week of Aug. 31 to Sept. 4, according to Insider Trading Report.
Cottage Health System is seeking a buyer for its Santa Barbara Outpatient Surgery Center as it plans to merge with Sansum Clinic. United Surgical Partners International is the center’s potential buyer, but USPI needs to appraise the center before reaching an agreement with Cottage Health.
