Three of the nation's largest ASC companies added thousands of physicians in 2021 during the COVID-19 pandemic.
ASC Transactions & Valuation Issues
With heightened outpatient migration and new ASCs appearing to pop up daily, some centers are struggling to compete in their markets.
Despite many physicians migrating to hospital employment, investment in ASCs is still a long- term strategy for physicians to maintain financial and operational stake in a surgery center.
Boca Raton, Fla.-based dermatology services provider Integrated Dermatology Partners added North Carolina's Summit Plastic Surgery & Dermatology to its network Feb. 11.
A 34,697-square-foot Warner Robbins, Ga., building housing two orthopedic practices and an ASC was sold.
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Nine real estate sales involving ASCs that Becker's has covered in the last two weeks:
The pandemic accelerated consolidation in healthcare with more physicians becoming employed and practices selling to hospitals or corporate entities. But the ASC industry remains fragmented, with 72 percent of surgery centers still independent, according to VMG Health.
Dallas-based United Surgical Partners International spent $78 million to acquire the ownership of eight Compass Surgical Partners ASCs last year, USPI's parent company Tenet Healthcare revealed during the company's 2021 earnings call Feb. 8.
Dallas-based United Surgical Partners boosted revenue and case volume last year.
The Stonegate Office Park in Peoria, Ariz., sold for $1.82 million, seller SVN Desert Commercial Advisors said Feb. 5.