• Tenet to sell 2 hospitals in $550M agreement with Adventist Health

    Tenet Healthcare entered a definitive agreement with Roseville, Calif.-based Adventist Health for the sale of two Tenet hospitals and related operations in California's San Luis Obispo County.
  • Chicago building with medical office bought for $20M

    A building with 104,000 square feet of medical office space in Chicago has sold at auction for a little over $20 million, according to a Feb. 27 report from the Real Deal. 
  • 3 joint ventures, partnerships shaking up the ASC industry

    Here are three joint ventures and partnerships Becker's has reported on since Jan. 4:
  • UnitedHealth's physician group ownership targeted in antitrust investigation

    UnitedHealth Group is the target of a Justice Department antitrust investigation, according to The Wall Street Journal. Investigators are zeroing in on the company's ownership across sectors, including physician groups, pharmacy drug benefits and a major health plan.
  • HCA's ASC arm has a busy start to 2024

    HCA Healthcare's ASC business Surgery Ventures has made major moves in the first two months of 2024.
  • US ASC market projected to pass $53B by 2029

    The ASC market in the U.S. was valued at $36.54 billion and is projected to reach $53.67 billion by 2029.
  • Which ASC chain has the highest valuation multiples?

    VMG Health laid out the valuation multiples of four major ASC chains in a January report. 
  • 6 Kentucky medical office buildings sold

    Six medical office buildings totaling 145,308 square feet in Florence, Fort Mitchell, Crittenden, Walton, Alexandria and Butler have sold, according to a Feb. 19 report from REBusiness Online.
  • The biggest opportunity in ASC acquisitions 

    The fragmentation of the ASC market is primed for acquisitions at the individual facility level, according to a January report from VMG Health. 
  • How Claimocity scaled their revenue cycle management with Modio’s provider credentialing platform

    Provider credentialing is a critical yet often overlooked element to successful revenue cycle management (RCM). Across the healthcare industry, there is a lack of awareness about how an efficient, accurate credentialing system can streamline medical practices’ RCM workflows and assist in capturing revenue that may otherwise be lost or delayed. This is because the connection between the benefits of a credentialing platform and the RCM function is not always intuitive nor immediately clear, causing departments to be siloed. However, bridging the gap between credentialing and RCM functions is essential for preventing revenue loss, reimbursement delays, and other challenges — and ultimately aids in bolstering practice efficiency and financial stability.
  • How outsourcing billing helps to combat ASCs’ top challenges

    Achieving financial success in an ASC has become more difficult in recent years, with a growing list of challenges threatening and straining the bottom line. With less room for error, surgery centers are seeking solutions that can help them better navigate and overcome these barriers to viability and profitability. Revenue cycle outsourcing is one solution growing in popularity throughout the ASC industry and is becoming a preferred option for de novo centers.
  • Michigan surgery, endoscopy center building sells for $9.8M

    A Midland, Mich.-based building housing the Great Lakes Bay Surgery & Endoscopy Center has sold for $9.8 million, according to a Feb. 16 report from REBusiness Online.
  • Where ASC transactions are heating up

    Although 68% of the ASC market remains independent, the industry saw continued consolidation in 2023, according to a recent report from VMG Health. 
  • The rise and fall of ASC inflation adjustments

    The net inflation adjustment for ASCs is 3.1% in 2024, a full percentage point higher than the average since 2015.
  • 1 year after Amazon-One Medical deal finalized: What's happened since

    It's been nearly one year since Amazon finalized its $3.9 billion acquisition of virtual and in-person primary care company One Medical. 
  • USPI, HCA & more: 5-year ASC company growth breakdown

     The number of centers under management by the five largest ASC management companies has seen a compound annual growth rate of 4.85% since 2011, according to a February report from VMG Health. 
  • Independent ASC market share shrinks further 

    The percentage of ASCs that are independent shrunk from 70% to 68% from 2022 to 2023, according to a February report from VMG Health. 
  • Banner Health sells 3 outpatient facilities

    Banner Health has sold a three-building outpatient medical building portfolio in Arizona for $32 million, according to a Feb. 15 report from REBusiness Online.
  • Amazon, Optum, CVS, Walmart and Walgreens: Top contenders in the race to acquire physicians

    As physicians move away from private practice toward employment models, five major healthcare disruptors have been making waves in the race to acquire them. 
  • 2 Indiana medical office buildings sold

    A two-building medical office portfolio in Carmel, Ind., has sold, according to a Feb. 14 report from REBusiness Online.

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