In December 2020, Dallas-based Tenet Healthcare reached a deal to acquire 45 ASCs from Nashville, Tenn.-based SurgCenter Development for $1.1 billion, intensifying the efforts of major ASC management companies and private equity-backed platforms to drive consolidation in the industry.
ASC Transactions & Valuation Issues
Three large ASC companies added physicians in 2020 during the COVID-19 pandemic.
New York City-based White Oak Healthcare MOB REIT acquired medical office buildings in Ohio and Minnesota, totaling 112,000 square feet, the company announced Jan. 28.
Brentwood, Tenn.-based Surgery Partners aims to sell its previously announced public offering of 7.5 million shares of common stock at $30.25 per share to attempt to raise $226.9 million, the company announced Jan. 28.
Springfield, Mass.-based Baystate Health will close the Baystate Mary Lane Outpatient Center in Ware, Mass., sometime within the next two years, businesswest.com reported Jan. 27.
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Walterboro, S.C.-based Coastal Carolina Surgical Specialists and Wilmington (N.C.) Surgical Associates reorganized services in January, StarNews Online reported Jan. 27.
Pasadena, Calif.-based Acuity Eye Group expanded its footprint, acquiring Escondido, Calif.-based Premiere Surgery Center, according to a Jan. 26 news release.
Here's how Dallas-based Tenet Healthcare, Nashville, Tenn.-based HCA Healthcare and Nashville-based Surgery Partners' shares have fluctuated over the last five days.
Dallas-based United Surgical Partners International and San Francisco-based Dignity Health are planning a joint-venture ASC in Citrus Heights, Calif.
Surgery Partners announced a proposed public offering of 6 million shares.