Envision, UnitedHealthcare agree to extend payer contract & more — 7 ASC company key notes

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

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Following months of termination threats and legal disputes between the two companies, Minnetonka, Minn.-based UnitedHealthcare agreed to extend its nationwide payer contract with Nashville, Tenn.-based Envision (AmSurg) Healthcare. Read more.

Nashville, Tenn.-based Envision Physician Services appointed Rebecca Parker, MD, its new Chief Medical Affairs Officer.

Addison, Texas-based United Surgical Partners International plans to build an outpatient surgery center in Citrus Heights, Calif.

Cigna’s contract with Dallas-based Tenet Healthcare is set to expire Jan. 1, 2019, as the two failed to reach an agreement after 11 months of negotiations. Read more.

MedCore Partners is developing a two-story, 65,000-square-foot, class A medical office building and ASC, which Southlake-based Spine Team Texas will anchor.

NMS Capital made a strategic investment in Gahanna-based Central Ohio Urology Group along with the group’s physician shareholders.

Rockdale, Texas-based Little River Healthcare closed all of its facilities and operations Dec. 4 — including Temple (Texas) Surgery Center — due to “unfortunate financial conditions,” according to a statement on the system’s website. Read more.

More articles on transactions/valuation:
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Physician facing 45 charges for alleged pill mill & fraud scheme — 7 insights
Anesthesiologist involved in Thai cave rescue named a ‘Time’ hero of 2018

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.

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Is ambulatory care healthcare’s big margin engine? 4 leaders weigh in

Wednesday, July 29
1:00 PM - 2:00 PM CDT

Presenters: Joe Ganley, athenahealthJeffrey Flynn, CASC, Gramercy Surgery CenterBryan Tsao, Access Center, Loma Linda University HealthJason Zepeda, Northridge Hospital Medical Center, CommonSpirit HealthGreg DeConciliis, PA-C, CASC, Boston Out­Patient Surgical Suites

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