• Texas medical office building acquired for $24.6M

    The Medical Center of Tomball (Texas) has been purchased for $24.6 million, according to a June 15 report from ConnectCRE.
  • Where 5 major ASC chains are focused in 2023 

    Here is where five major ASC chains are focused on growth in 2023, ordered by number of ASCs:
  • Tenet makes Fortune 500's list of top healthcare companies

    Tenet Healthcare, parent company of ASC chain United Surgical Partners International, ranked 215th on the 69th Fortune 500, released June 5. 
  • Cincinnati Children's acquires medical office building formerly housing ASC, Beacon Orthopaedics for $2M

    Cincinnati Children's Hospital has purchased a medical office building near its Avondale, Ohio-based campus for just under $2.2 million, according to a June 14 report from the Cincinnati Business Courier. 
  • Selling your ASC? 3 steps to improve its valuation

    Article was reposted with permission from ECG Management.  Ambulatory surgery centers (ASCs) have consistently been a source of strong merger and acquisition (M&A) deal activity over the last decade. As ASC management companies, health systems, and private equity (PE) firms implement robust ASC expansion strategies, demand for ASC acquisitions is growing, and this interest has translated to strong transaction multiples being paid for premium assets.
  • New Jersey surgery center sold for $3.7M

    A surgical company acquired a surgery center in Hackensack, N.J., for $3.7 million, roi-nj.com reported June 13.
  • Northway Surgery and Pain Center property sold for $5.5M

    Medical real estate investment firm Montecito Medical has acquired the Northway Surgery and Pain Center property in Halfmoon, N.Y., for $5.5 million, according to a June 13 report from the Albany Business Review.
  • The 10 largest ASC chains by number of centers

     United Surgical Partners International and SCA Health rank No. 1 and No. 2, respectively, as ASC the companies with the most surgery centers.
  • Catholic Health to reconfigure, increase ASC presence in Western New York

    Buffalo, N.Y.-based Catholic Health has announced a reconfiguration plan that will expand its ASC presence in Western New York, according to a June 12 report from the Lockport Union-Sun & Journal.
  • Tennessee ASC to be converted into emergency, behavioral health facility

    The city of Knoxville, Tenn., has invested $70 million to convert a series of buildings into a new public safety complex. Part of the renovation will involve converting the 25,000-square-foot St. Mary's ASC into an urgent care and behavioral health facility, according to a June 12 report from NBC news affiliate WBIR.
  • Tenet, HCA, Optum battling for ASC market share

    ASC development is becoming increasingly lucrative for health systems and hospitals as more complex procedures move to the outpatient setting. 
  • AmSurg's ASC presence: A state-by-state breakdown

    Major ASC chain AmSurg owns about 4.3 percent of the market, with 256 ASCs nationwide based on a count from 2022. It recently reached a deal to purchase additional ASCs from its affiliate Envision Healthcare in the wake of Envision's bankruptcy filing. 
  • Top 25 healthcare companies: Fortune 500

    The 69th Fortune 500, released June 5, ranked the largest corporations in the U.S. by revenue for 2022. 
  • ASC deals heat up: 3 notes in 3 days

    Here are three ASC deals that Becker's has reported on since June 5:
  • Ascension to sell ASC, hospital to New York clinic

    St. Louis-based Ascension has reached an agreement to transfer ownership of its Binghamton, N.Y.-based Our Lady of Lourdes Memorial Hospital​ and its affiliated facilities, including an ASC, to the Sayre, Pa.-based Guthrie Clinic, according to a June 8 report from Spectrum News.
  • Physician groups are being snapped up — 5 reasons why 

    As costs rise and the industry increasingly consolidates, physician practices are increasingly looking to hospitals, health systems and commercial groups for financial security, according to a report published June 7 by the American Hospital Association.  
  • ValueHealth strikes joint venture to develop Florida ASC

    Kansas City-based ValueHealth has partnered with Naples, Fla.-based NCH Healthcare System to develop a 12,000-square-foot ASC in Naples on the NCH Baker Hospital campus. 
  • Physicians are losing power. Here's why.

    Harry Severance, MD, an adjunct assistant professor at Durhan, N.C.-based Duke University School of Medicine, joined Becker's to discuss how physicians increasingly moving to employed models has shifted the workforce to what he calls a "seller's market."
  • Inova Health acquires another physician group: What ASC leaders should know

    Falls Church, Va.-based Inova Health System has acquired another local specialty physician practice, expanding its footprint and services, according to a June 6 report from the Washington Business Journal. 
  • USPI ahead of competition in total ASCs, physicians

    While there are several major ASC management and partnership companies in the U.S. — including SCA Health, Atlas Healthcare Partners and AmSurg — one company is outpacing the rest in size and patient encounters. 

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