Buffalo, N.Y.-based Catholic Health has acquired a controlling interest in the Ambulatory Surgery Center of Western New York, the region’s highest-volume ambulatory surgery center, located in Amherst. According to a Catholic Health news release, the multispecialty ASC now covers orthopedics,…
ASC Transactions & Valuation Issues
The FTC’s consent order requiring Ascension to divest seven ASCs before closing its $3.9 billion acquisition of Amsurg sent a clear message to the industry that outpatient surgery is valuable enough to fight over, and regulators are now watching local…
Optum is set to close a primary care practice in Zionsville, Ind., at the end of June, according to a June 3 report from Current Publishing. Optum Primary Care will close June 26. The company has also closed a number…
Ascension has completed its $3.9 billion acquisition of AmSurg, expanding the St. Louis-based health system’s ASC network to more than 300 centers nationwide, according to a June 4 news release, but not before the Federal Trade Commission required the divestiture…
Ascension’s $3.9 billion acquisition of Amsurg is cleared to close, but only after the St. Louis-based health system parts ways with seven ASCs the Federal Trade Commission says would otherwise leave patients in five markets with less competition and higher…
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The Stark law has been on the books for more than three decades, but enforcement has never been more aggressive. In 2024, seven major Stark law indictments contributed to a record-breaking 979 qui tam lawsuits, with False Claims Act settlements…
Charlotte, N.C.-based Advocate Health and Hospitals Corporation has acquired a cardiovascular ambulatory surgery treatment center and outpatient facility in Naperville, Ill., for $23.4 million, according to a June 3 REJournals report. The 42,438-square-foot facility was sold by HSG Medical and…
The Federal Trade Commission has proposed a consent order in a pending deal between St. Louis-based Ascension and Amsurg, one of the largest ASC operators in the country that would require Ascension to divest several ASCs from its proposed $3.9…
From regulatory roadblocks to volume declines, three ASCs have closed within a single month. This rare spree of shutdowns cuts against the industry’s prevailing growth as health systems pour capital into ASCs. Here are the three closures: 1. Catholic Health…
Catholic Health System is closing Sterling Surgical Center in Orchard Park, N.Y., citing declining patient volume, and relocating its surgical services to other ASCs in its network, the health system confirmed in a statement shared with Becker’s. Sterling Surgical Center,…