Three insights:
1. Joint ventures were hospitals’ and health systems’ preferred ownership model for ASCs in both 2018 and 2019, according to surveys that Avanza sponsored.
2. In 2019, senior healthcare executives and clinical leaders reported that 73 percent of hospital- or system-owned ASCs were structured as physician-hospital joint ventures, an increase from 2018.
3. As the trend toward joint ventures continues, hospital and health system leaders cite ownership by employed physicians and engaging outside managers as common issues, Avanza President and CEO Joan Dentler said in an email newsletter.
More articles on transactions and valuation:
Pacific Rim Outpatient Surgery Center acquired by PeaceHealth: 4 details
Acquisitions & expansions kick off the decade — 7 ASC industry notes
Sutter Health HMO adds hospital to network with surgery center — 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.