HCA Healthcare grows outpatient cases 3.2% in 2018 & more — 8 ASC industry notes

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

Nashville, Tenn.-based HCA Healthcare reported an increase in overall revenue in 2018, hitting $46.6 billion. Read more.

A New Jersey court ruled auto insurers don't need to reimburse ASCs for codes in CMS' fee schedule if they aren't also included in a state's fee schedule. Read more.

Chuck Martin, R-Alpharetta, introduced a bill that would exempt integrated ASCs from certificate of need requirements in the state. Read more.

A federal court awarded 183 surgery centers a $4 million settlement in a class action lawsuit against Horizon Blue Cross Blue Shield of New Jersey. Read more.

Fort Collins, Colo.-based Centers for Gastroenterology Physicians will break ground on Greeley (Colo.) Endoscopy Center Feb. 15. The center will be managed by Lakewood, Colo.-based Pinnacle III.

After reporting a decrease in hospital operations revenue in the third quarter of 2018, Dallas-based Tenet Healthcare Corp. closed the sale of three Chicago-area hospitals to Los Angeles-based Pipeline Health. Tenet continues to invest in the outpatient space.

Surgical Center of Greensboro (N.C.) surgeons performed 250 total joints in the first year of the center's total knee replacement bundle program. Surgical Center of Greensboro is a Deerfield, Ill.-based Surgical Care Affiliates' affiliate.

Outpatient imaging giant Los Angeles-based RadNet acquired Bakersfield, Calif.-based Kern Radiology Medical Group for an unspecified amount. RadNet is the largest outpatient medical imaging company in the U.S.

More articles on transactions/valuation:
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State fee schedule takes precedence over CMS list, New Jersey court rules — 5 insights

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