Three physician practices announced or completed closures within the past month, the latest sign of mounting financial pressure on physician groups across the country. The wave follows a turbulent stretch for physician practice finances. Bankruptcies climbed to their highest level…
ASC Transactions & Valuation Issues
Selling an ASC has never been more complex, according to an April 23 blog post from VMG Health, and the difference between a premium valuation and a disappointing one often comes down to a handful of mistakes. Here’s what ASC…
Global real estate investment manager BGO has acquired two endoscopy surgery center properties in Florida that are leased to United Digestive. Currency Circle Surgery Center in Lake Mary, Fla., and Wellness Avenue Surgery Center in Orange City, Fla., are 100%…
Janet Carlson, RN, spent years watching surgeons struggle, not with patient care, but with everything around it. “I saw incredibly talented surgeons weighed down by operational inefficiencies, regulatory hurdles, staffing issues and financial blind spots,” Ms. Carlson, a veteran registered…
Tenet Healthcare is leaning into its higher-acuity service lines with robotic surgery remaining a key growth strategy for United Surgical Partners International, the Dallas-based health system’s ASC arm. USPI added roughly 150 robotic surgery programs in its ASCs during the…
Advertisement
Here are four hospitals and health systems laying off employees in the month of April, as reported by Becker’s: 1. San Antonio-based Laurel Ridge Treatment Center, a 330-bed behavioral health facility owned by King of Prussia, Pa.-based Universal Health Services,…
MercyOne has announced plans to close its South Des Moines (Iowa) Family Medicine and Urgent Care office on June 26, citing staffing shortages and government reimbursement rates that do not cover the full cost of care, according to an April…
A third malpractice lawsuit against a closed Ames, Iowa, cosmetic ASC and its former physician has been dismissed, the Ames Tribune reported April 29. Sandra and Gary Quade, parents of a patient who allegedly died of acute blood loss following…
For years, consolidation in the ASC space meant private equity or health systems buying up facilities and squeezing out physician autonomy in the process. But something has shifted, according to Benjamin Stein, MD, orthopedic surgeon and co-founder and chairman of…
As health systems continue acquiring surgical practices and folding physicians into employed models, Bethesda, Md.-based Capital Surgical Solutions is betting that surgeons who own their environment deliver better care, and that better care delivers better margins. Benjamin Stein, MD, orthopedic…