ASC Transactions & Valuation Issues

Here are five major organizations selling off ASCs in 2024:

The ASC industry is historically fragmented, with approximately 68% of facilities operating independently as of 2023. However, as consolidation gains traction, industry leaders are voicing concerns about the potential negative effects on administrators, physicians and patients.

Healthcare industry consolidation has mirrored trends in other sectors — promising efficiencies and stability but often delivering reduced competition, higher costs and limited access to care. 

Healthcare giant Optum, the parent company of ASC chain SCA Health, has grown rapidly in recent years and shows no signs of slowing down.

Optum, parent company of ASC chain SCA Health, has seen massive growth, including spending $31 billion on acquisitions in the last two years.

Sioux Falls, S.D.-based Sanford Health is becoming the parent company of Black Hills Orthopedic and Spine Center, the Black Hills Surgical Hospital and the system's associated facilities in Rapid City, S.D., and Black Hills Surgery Center in Gillette, Wyo., including…

Under the Biden administration, the Federal Trade Commission took strong anti-trust positions and boosted pro-worker policies, such as a ban on noncompete agreements. 

United Surgical Partners International, Surgery Partners and HCA Healthcare, through its Surgery Ventures arm, are three of the largest ASC operators by number of centers. 

Former independent practice Hillsdale (Mich.) Medical Associates is now owned and operated by Hillsdale Hospital, Hillsdale Daily News reported Nov. 13. 

Bradenton, Fla.-based MCR Health, a nonprofit medical group, sought Chapter 11 protection Nov. 11, the Tampa Bay Business Journal reported Nov. 13.