ASC Transactions & Valuation Issues

Two Kerlan Jobe Orthopaedic Clinic surgeons have filed a lawsuit against Los Angeles-based Cedars-Sinai Medical Center, its nonprofit foundation, and affiliated ASCs alleging defamation, retaliation, sex discrimination and other unlawful actions, according to lawsuit documents accessed by Becker’s. What happened?…

Here are five private equity deals that have gone down in the ASC industry over the past six months, according to a Sept. 12 report from PE Hub. 

From regulatory hurdles to misperceptions about competition, three ASC leaders spoke with Becker’s about what they see as the most misunderstood aspects of ASC ownership.  Question: What is the most misunderstood aspect of ASC ownership by policymakers or hospital systems?…

From people and culture to strategic partnerships, three ASC leaders joined Becker’s to discuss which investments drive the strongest long-term returns in the industry.  Question: What investments do you believe yield the highest long-term financial returns in the ASC setting?…

Here are six updates to know on UnitedHealth Group’s Optum, the parent company of ASC chain SCA Health, as reported by Becker’s since July 29:

Buffalo, N.Y.-based Kaleida Health System is closing an ASC that has been in operation for more than 35 years, Buffalo News reported Sept. 11.  According to the report, the system plans to close the Millard Fillmore Surgery Center Oct. 1.…

Fengate Asset Management acquired 24 medical outpatient facilities from a major U.S. nonprofit health system under a sale-leaseback agreement, adding more than 900,000 square feet of medical space across two states, according to a Sept. 11 news release, from the…

Richmond, Va.-based VCU Health purchased a four-story, 109,000-square-foot office building in the city’s Stony Point area for $16 million. The property adds to the system’s nearby holdings, which include the VCU Medical Center and its Plastic and Reconstructive Surgery Center,…

Fisherville, Va.-based Augusta Medical Group linked plans to consolidate three locations. Here are five things to know: 1. Augusta Medical Group  is consolidating three care sites: Buena Vista Primary Care, Churchville Primary Care and Weyers Cave Urgent Care. Augusta Medical…

Provo, Utah-based Revere Health, an independent multispecialty physician group, plans to lay off 177 employees, according to a Utah WARN notice.  The notice is dated for Nov. 3, and comes after Revere Health moved to partner with Dallas-based IKS Health,…