EmCare pays $33M to resolve alleged illegal remuneration & more — 6 ASC company key notes

Here are six updates on ASC management companies from the past week.

EmCare, an Envision Healthcare company, paid $33 million to resolve alleged illegal remuneration in exchange for hospital referrals to Healthcare Management Association, which no longer exists.

Tenet aims to improve financial performance and shareholder value through several changes in the coming year, including the expansion of its cost reduction program and potentially selling Conifer. The company increased its cost reduction initiative by $100 million, and expects to achieve $250 million of annualized run-rate savings by the end of next year.

Medical Facilities Corp. declared a new monthly dividend of $0.09 per share.

During the third quarter of 2017, Surgery Partners reported a $7 million to $9 million revenue reduction due to issues related to Hurricanes Harvey and Irma, most notably electrical outages and temporary closures of surgical facilities.

Physicians Realty Trust announced it would pay its common stock shareholders a $0.23 dividend per share for the quarter ending Dec. 31.

The Accreditation Association for Ambulatory Health Care awarded its first ever Center of Excellence Award in Orthopaedic Certification to AmSurg affiliate The Surgery Center of Long Beach (Calif.).

More articles on transactions/valuations:
Medical Facilities Corp. to pay $0.09 dividend — 4 insights
Berkeley Medical Center cuts ribbon on outpatient surgery center, to open in January 2018: 3 key notes
7 Crystal Run Healthcare physician owners refuse to sign on Montefiore acquisition, say it makes them 'indentured servants': 5 things to know

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