ASC Transactions & Valuation Issues

Tenet Healthcare, parent company of ASC chain United Surgical Partners International, has finalized the sale of three hospitals in South Carolina to Winston-Salem, N.C.-based Novant Health for $2.4 billion. 

Nashville, Tenn.-based HCA Healthcare rounded out 2023 with fourth-quarter net income totaling $1.61 billion, a decrease of 26% year over year.

Healthcare real estate firm Flagship Healthcare Properties has acquired a medical office building in Mechanicsville, Va., for $5.4 million, according to a Jan. 30 report from Richmond BizSense. 

Optum, parent company of ASC chain SCA Health, is the country's largest employer of physicians, with a portfolio of 90,000 affiliated. 

Port Arthur-based Medical Center of Southeast Texas, an affiliate of Dallas-based Steward Health Care, will close its campus in Beaumont Feb. 2. 

Here are five healthcare partnerships, acquisitions and mergers that ASCs should know, as reported by Becker's since Jan. 12:

The Federal Trade Commission has sued Charlotte, N.C.-based Novant Health to block its $320 million bid to purchase two area hospitals and build a new ASC in Mooresville, N.C., according to a Jan. 25 report from The Charlotte Observer.

Hospitals and health systems have turned their heads toward the ASC industry as a new opportunity for growth.

Oakland, Calif.-based Kaiser Foundation Health Plan has purchased a medical office building in Santa Clarita, Calif., for $67 million, according to a Jan. 23 report from the Real Deal. 

The University of Vermont Medical Center submitted a certificate of need with intention to purchase a Colchester-based medical campus owned by Covenant Health for $17.3 million.