ASC Transactions & Valuation Issues
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Tenet rakes in $5.4B in Q4: What to know
Tenet Healthcare saw major growth in the fourth quarter of 2023. -
What growth looks like for Optum — and how ASCs fit in
Optum, the country's largest employer of physicians and parent company of ASC chain SCA Health, is focusing on a different type of growth: hiring employees instead of building facilities. -
Tenet's sell-off strategy
Tenet Healthcare, parent company of ASC chain United Surgical Partners International, has sold off several assets since the beginning of the year, including seven hospitals and three ASCs. -
The Tenet, HCA & Optum deals shifting the ASC industry in 2024
Here are four major deals from three of the largest ASC operators in the country so far in 2024: -
UC Irvine set to acquire 2 Tenet ASCs
Orange, Calif.-based UCI Health entered into a definitive agreement to acquire Dallas-based Tenet Healthcare's Pacific Coast Network, which consists of four hospitals and two ASCs across Southern California. -
Tenet $2.4B sale of hospitals finalized, ASCs remain USPI-operated
Tenet Healthcare, parent company of ASC chain United Surgical Partners International, has finalized the sale of three hospitals in South Carolina to Winston-Salem, N.C.-based Novant Health for $2.4 billion. -
HCA nets $5.2B in 2023, names CFO: 5 notes
Nashville, Tenn.-based HCA Healthcare rounded out 2023 with fourth-quarter net income totaling $1.61 billion, a decrease of 26% year over year. -
Virginia medical office building sold for $5.4M
Healthcare real estate firm Flagship Healthcare Properties has acquired a medical office building in Mechanicsville, Va., for $5.4 million, according to a Jan. 30 report from Richmond BizSense. -
Optum's growth boom: A breakdown
Optum, parent company of ASC chain SCA Health, is the country's largest employer of physicians, with a portfolio of 90,000 affiliated. -
Physician-owned hospital to close campus
Port Arthur-based Medical Center of Southeast Texas, an affiliate of Dallas-based Steward Health Care, will close its campus in Beaumont Feb. 2. -
5 healthcare deals ASCs are eyeing
Here are five healthcare partnerships, acquisitions and mergers that ASCs should know, as reported by Becker's since Jan. 12: -
FTC sues Novant Health to block $320M acquisition, new ASC build
The Federal Trade Commission has sued Charlotte, N.C.-based Novant Health to block its $320 million bid to purchase two area hospitals and build a new ASC in Mooresville, N.C., according to a Jan. 25 report from The Charlotte Observer. -
The health systems diving headfirst into the ASC industry
Hospitals and health systems have turned their heads toward the ASC industry as a new opportunity for growth. -
Kaiser pays $67M for California medical office building
Oakland, Calif.-based Kaiser Foundation Health Plan has purchased a medical office building in Santa Clarita, Calif., for $67 million, according to a Jan. 23 report from the Real Deal. -
UVM seeks green light to purchase $17M outpatient campus
The University of Vermont Medical Center submitted a certificate of need with intention to purchase a Colchester-based medical campus owned by Covenant Health for $17.3 million. -
HCA's Surgery Ventures acquires majority interest in 2 Texas ASCs
Surgery Ventures, HCA Healthcare's ASC business, has acquired a majority interest in two Texas ASCs. -
Nonprofit wary of potential Summa Health acquisition
The Citizens' Council for Health Freedom, a nonprofit organization focused on healthcare policy, raised concerns over General Catalyst's recently announced plans to acquire Akron, Ohio-based Summa Health and its intent to convert the health system and insurance plan into a for-profit entity. -
Physician group to sell or close
Nampa, Idaho-based Saltzer Health is planning to sell or shut down by March 29. -
General Catalyst led $95.5M investment in a physician group, plans health system acquisition
General Catalyst led a $95.5 million funding round for a Texas-based physician clinic chain in early January, and a week later the investment firm announced plans to acquire Akron, Ohio-based Summa Health. -
The ASC chain dominating the industry
United Surgical Partners International is the largest ASC chain in the U.S., making it a major force in the industry.
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