ASC Transactions & Valuation Issues

Physician-owned hospitals persist despite the 2010 moratorium on inpatient growth for most facilities.

Virginia Pediatric Eye Center’s Chesapeake office was sold for $1.3 million, Inside Business reported July 26. 

An ASC in Baton Rouge, La., was sold for $6.1 million, the Greater Baton Rouge Business Report said July 23. 

Dallas-based United Surgical Partners International, part of Tenet Healthcare, continued its steep growth trajectory in the first half of 2021.

ASCs got a regulatory boost in early July when President Joe Biden signed an executive order scrutinizing healthcare mergers, noncompete agreements and the secrecy surrounding costs for care.

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.