What you should know:
1. Investors were “highly active” in the fourth quarter of 2019, and analysts expect consolidation activity to continue at a similar rate into 2020.
2. Pharmaceuticals, gastroenterology and ophthalmology had the most quarterly investment activity.
3. Concerning gastroenterology, Dallas-based GI Alliance, the largest platform in the space, continued to expand by acquiring Indianapolis Gastroenterology and Hepatology. Miami-based Gastro Health, backed by Audax in 2016, also closed an acquisition. Analysts said Gastro Health “is well-positioned for a secondary transaction in the near future.”
4. Provident expects investment activity to continue despite fears of a coming recession and an unstable political environment.
“While other industries outside of healthcare are observing the beginnings of microeconomic and external trends that may threaten their ability to grow and succeed in a dynamic global economy, the healthcare services market remains insulated from much of this current concern,” the report said.
More articles on surgery centers:
Michigan surgery center adds surgical robot — 3 insights
Covenant pivots to physician services organization & 4 other must-read articles
Ohio pain clinic, owner pay $650K settlement for unnecessary procedures: 4 details
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.