ASC Transactions & Valuation Issues

Here are six updates on ASC companies and industry-relevant companies to note: 

ASCs have been an integral part of healthcare for the last 50 years, but what if tomorrow they all were ordered to close?

Economic development and opportunities around California are booming, and ASCs are no different. Here, California Ambulatory Surgery Association Executive Director Beth LaBouyer, RN, elaborates on the state of the industry and predicts how ASCs will grow in the future.

Phoenix-based Banner Health acquired Chandler, Ariz.-based Desert Vascular Specialists, adding two vascular surgeons and a physician assistant, AZ Big Media reports.

New Harbor Capital completed its recapitalization of Fort Myers, Fla.-based Quigley Eye Specialists, with the assistance of Edgemont Partners, Jan. 24.

Norfolk, Neb.-based Faith Regional Health Services relocated its surgery center.

An ASC business is for sale in California, according to BizBen.

Since October 2019, eight surgery centers have planned or completed changes to their ownership structure:

Banner Health and Atlas Healthcare Partners will occupy and operate a newly acquired ASC property in Mesa, Ariz., in a joint venture, according to healthcare real estate developer NexCore Group.

The number of transactions in the ASC and physician practice management sector dipped from 182 in 2018 to 172 in 2019, Hammond Hanlon Camp reported in late January.