ASC Transactions & Valuation Issues
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Where 5 ASC giants stand
Here are the number of ASCs and affiliated physicians at five of the biggest ASC chains in the U.S.: -
Florida medical office building sells for $36.79M
A Boca Raton, Fla.-based medical office building has sold for $36.79 million, down from $50 million in its 2021 trade, according to a Nov. 5 report from the South Florida Business Journal. -
Major health systems keep offloading hospitals
Massive healthcare sell-offs are impacting ASCs in various markets, including changes in competitive dynamics, reimbursement rates and opportunities for partnerships. -
USPI bets big on high-acuity procedures
Dallas-based United Surgical Partners International, Tenet Healthcare's ASC arm, is emphasizing high-acuity procedures to fuel its expansion. -
Physician lawsuit could heat up Novant, Atrium rivalry
An ophthalmologist's lawsuit against North Carolina's Health Department could spur market competition between Winston-Salem-based Novant Health and Charlotte-based Atrium Health, The Herald reported Nov. 4. -
Optum vs. Tenet vs. HCA: How ASC strategies are shifting
Optum, Tenet and HCA Healthcare are huge players in the ASC industry with different strategies for growth. -
Missouri medical office building sells for $8.8M
A 22,097-square-foot medical office building in Bridgeton, Mo., has changed hands for $8.8 million, according to a Nov. 5 report from REBusiness Online. -
1 year after Envision, AmSurg split: What's happened since
It's been more than one year since AmSurg officially emerged under new ownership as a separate and independent entity from Envision Healthcare, its former parent company, which filed for Chapter 11 bankruptcy in May 2023. -
Ascension sells 5-hospital system for $450M: What ASCs need to know
St. Louis-based Ascension has sold its St. Vincent's Health System to The University of Alabama at Birmingham Health System Authority in a deal valued at $450 million, effective Nov. 1. -
Atrium sells medical outpatient building
Charlotte, N.C.-based Atrium Health has sold its Atrium Medical Center Medical Outpatient Building, a medical office facility, in Middletown, Ohio, to Chicago-based Remedy Medical Properties, according to a Nov. 1 report from the Cincinnati Business Courier. -
Steward completes sale of physician group: 5 things to know
Financially troubled Steward Health Care has finalized the sale of its physician group to Nashville, Tenn.-based primary care provider Rural Healthcare Group, part of private equity firm Kinderhook Industries. -
Tenet receives $4.8B from 14 hospital sales
Dallas-based Tenet Healthcare, parent company of ASC giant United Surgical Partners International, has sold 14 hospitals this year for more than $4.8 billion, according to an Oct. 29 third quarter earnings call. -
USPI investment the 'most accretive thing to bring value' to Tenet
Tenet Healthcare is continuing to expand its investment and spending in its ASC division, Dallas-based United Surgical Partners International. -
Walgreens conducts layoffs
Walgreens is laying off 256 employees from its support center as part of a strategy to realign its focus on core retail pharmacy services, a spokesperson confirmed to Becker's in an emailed statement. -
USPI inks deal with California orthopedic group
Dallas-based United Surgical Partners International, Tenet Healthcare's ASC arm, has inked a deal with San Diego, Calif.-based Synergy Orthopedics, according to an Oct. 29 third quarter earnings call. -
HCA's 'greenfield' ASC development strategy
Nashville, Tenn.-based HCA Healthcare's ASC strategy is driven by "greenfield developments," new facility constructions, along with targeted acquisitions, CEO Sam Hazen said in a third quarter earnings report transcribed by the Motley Fool. -
USPI revenue hits $1.1B, up 21% in Q3
Dallas-based United Surgical Partners International, Tenet Healthcare's ASC business, third quarter revenue hit $1.13 billion, a 21% increase from the same quarter last year, according to financial documents published Oct. 29. -
Flagship Healthcare Properties acquires Ohio ASC
Outpatient real estate firm Flagship Healthcare Properties has acquired the Central Ohio Surgical Institute in New Albany. -
HCA to add 100 outpatient facilities in 2024: 5 things to know
Nashville, Tenn.-based HCA Healthcare plans to add 100 outpatient facilities by the end of 2024, bringing total sites of care to more than 2,600, according to a third quarter earnings report transcribed by the Motley Fool. -
Novant & Ascension offload ASCs
Novant Health and Ascension have both sold off ASCs since Aug. 2.
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