ASC Transactions & Valuation Issues

ASC administrators are watching market consolidation trends closely and planning their next move.

From physician onboarding to rebounding surgical volumes, ASC management companies hit the ground running in the first quarter of 2021.

The HHS Office of Inspector General issued a favorable opinion approving a joint-venture ASC arrangement between physicians, a management company and health systems last month.

Surgery Partners reported growth in first-quarter revenue, case volume and total joint replacements, and is making moves to save millions of dollars.

Nashville, Tenn.-based HCA Healthcare agreed to sell four Georgia hospitals to Atlanta-based Piedmont Healthcare, including an ASC, the company announced May 3. 

Leesburg, Fla.-based FHV Health has been acquired by Orlando Health for an undisclosed price, according to the Orlando Business Journal.

Becker's ASC Review reported on four acquisitions with ASC buildings in April.

Dallas-based Tenet Healthcare has finalized the $80 million sale of its urgent care platform to FastMed, according to an April 30 release. 

Deerfield, Ill.-based Surgical Care Affiliates is among the three largest ASC chains in the U.S., and it has plans for further growth this year.

Nashville, Tenn.-based HCA Healthcare expects to add several ASCs this year and has seen a rebound in outpatient activity.