ASC Transactions & Valuation Issues

Dallas-based Steward Health Care has been facing financial difficulties and controversies since it sought Chapter 11 bankruptcy protection May 6.

Downers Grove, Ill.-based Duly Health and Care has launched a strategic partnership with ASC management services organization Surgery Partners.

The U.S. Justice Department has filed a lawsuit against UnitedHealth Group, parent company of Optum, to prevent its planned $3.3 billion acquisition of home health provider Amedisys, Bloomberg reported Nov. 12.

A medical office building in El Paso, Texas, has sold for $7.1 million, according to a Nov. 12 report from REBusiness Online.

Retail giant Amazon continues to expand into healthcare, including partnerships with several health systems through its hybrid primary care company One Medical. 

Brentwood, Tenn.-based ASC chain Surgery Partners posted adjusted earnings per share of $0.19 for the quarter, missing Wall Street's expectation of $0.25, according to third-quarter earnings released Nov. 12. 

Hospital and ASC partnerships have been on the rise in 2024, but these joint ventures are not always an ideal match for ASCs looking to grow while maintaining autonomy in competitive markets. 

Physicians Surgery Center of Jackson, Tenn., has sold a majority of its shares to a nationally recognized ASC management firm.

ASCs, hospitals, health systems and investment groups have increasingly looked to joint venture partnerships over the past year as a strategy for growing practices and expanding access to care.

While ASCs remain largely independent, consolidation is on the rise as the industry's largest chains continue to expand, leaving the state of practice independence in flux.