Envision, Surgery Partners report Q2 revenues & more — 9 ASC company key notes

Written by Eric Oliver | August 14, 2018 | Print  |

Here are nine updates on ASC companies and industry-relevant companies to note:

Nashville, Tenn.-based Envision reported net revenue of $2.07 billion for the second quarter of 2018 — its first quarterly report since KKR agreed to acquire the company. Envision missed analysts estimates by 1.07 percent.

Brentwood, Tenn.-based Surgery Partners reported strong second quarter 2018 financial results, reporting $444.8 million in revenues. Read more.

Toronto, Canada-based Medical Facilities Corp.'s acquisition of seven ASCs in the first quarter drove strong growth in revenue and surgical cases during the second quarter. The strong revenues helped the stock reach a new 52-week high Read more.

Atlanta-based Eye Health America, an eye care practice management company, acquired Clinton, S.C.-based Montgomery & Riddle Eyecare.

Westchester, Ill.-based Regent Surgical Health predicted several trends for ASCs in 2018, including growth in value-based care strategies, new payment models and a shift of high acuity cases to the outpatient setting. Here are six trends ASCs should watch for.

Medical Transcription Billing Corp. reported strong revenue growth and record profitability in the second quarter of 2018. Their second quarter financials.

Tampa, Fla.-based Physician Partners of America plan to opened the first phase of its medical pavilion in Orlando, Fla., Aug. 13.

Fairfax, Va.-based Gastroenterology Associates of Northern Virginia and Gastroenterology Associates of Fredericksburg (Va.) left the Advanced Digestive Care network.

Dallas-based Platinum Dermatology expanded its Arizona network by adding Paradise Valley, Ariz.-based Van Dyke Aesthetics.

In a follow-up to its joint exposé on surgery center adverse events, USA Today and Kaiser Health News published another piece examining a series of patient deaths in 2014 at Little Rock, Ark.-based Kanis Endoscopy Center, highlighting the lack of standardized oversight on reporting patient deaths after surgery at ASCs nationwide. Read more.

More articles on transactions/valuations:
5 must-read articles for the ASC industry this week: Aug. 3-9
CMS to terminate Medicare benefits of ESEC Surgery Center — 5 insights
15 statistics on ASC case volume by top physicians

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