Here are three ASC transactions to know:
1. The physician-owned, Amherst-based Ambulatory Surgery Center of Western New York sold a majority stake to Catholic Health. The 30,000-square-foot ASC performed 27,000 procedures last year from its six operating rooms and three procedure rooms.
2. Cleveland Clinic purchased a two-medical building project featuring a surgery center in Port St. Lucie, Fla., for $52.5 million. The 100,000-square-foot Tradition Healthpark was developed by the seller, St. Petersburg, Fla.-based developer Optimal Outcomes.
3. Dallas-based Tenet Healthcare sold five of its hospitals in Florida. The deal did not include Tenet’s Florida ASCs, run by Tenet’s ambulatory arm United Surgical Partners International — further signaling Tenet’s focus on scaling up its ASCs.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.