ASC Transactions & Valuation Issues

Dallas-based United Surgical Partners International, a subsidiary of Tenet, reported large year-over-year revenue gains in the second quarter after temporarily limiting surgical case volume in the second quarter of 2020 during the COVID-19 pandemic.

The COVID-19 pandemic, infection levels and the increase in CMS outpatient procedure approval has left the ASC industry prime for growth. 

Nashville, Tenn.-based HCA Healthcare reported an increase in both total outpatient surgeries and patient revenue from its outpatient facilities in the second quarter of 2021.  

A California-based interventional cardiologist agreed to pay millions of dollars to settle allegations of violating the False Claims Act, according to a July 19 Justice Department statement.

An outpatient care facility 100 percent leased by Escondido, Calif.-based Palomar Health was sold. 

Anchor Health Properties has purchased four medical office buildings that total more than 210,000-square feet and have a combined value of more than $100 million.

The financial strain of COVID-19 and dwindling interest in private practice from physicians in the early stages of their careers have prompted the closings of 31 physician groups and outpatient specialty centers this year.

OptumCare set the goal at the beginning of 2021 to add 10,000 physicians this year, and the company is more than halfway there, Andrew Witty, CEO of UnitedHealth Group and Optum, said during the second-quarter earnings call.

The Biden administration has begun making its mark on the U.S. healthcare system with strong support for competition.

Optum delivered a strong financial performance in the second quarter, driven by growth across all divisions, it reported July 15.