1. Following plans to file for Chapter 11 bankruptcy, Envision Healthcare reached a restructuring agreement with its stakeholders. Under the agreement, AmSurg and Envision Physician Services will be separately owned by their lenders. AmSurg will buy ASCs held by Envision for $300 million plus a waiver of loans.
2. Nashville, Tenn.-based HCA Healthcare continues to double down on developing outpatient facilities and increasing outpatient procedure migration, according to an April 21 first-quarter earnings call transcribed by Seeking Alpha. The company has a “more significant investment” in its ASC development pipeline, as well as possible acquisitions in the works, CEO Sam Hazen said.
3. Salt Lake City-based Intermountain Health and Surgery Partners signed a collaboration agreement in which Surgery Partners will take over management of Intermountain’s existing ASCs in Utah and Idaho and will develop more ASCs in other select markets.
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
