In 2022, Ascension ran 139 hospitals and was losing nearly $2 billion a year. By June 2026, it operated 90 hospitals and more than 300 ASCs. The $3.9 billion acquisition of AmSurg was the final move in a significant strategic…
ASC Transactions & Valuation Issues
HST Pathways, a cloud-based software provider for ASCs, has secured a strategic growth investment from Novo Holdings, joining existing investors Bain Capital and Nexxus Holdings, according to a June 5 news release. The investment will support the acceleration of HST’s…
Joint ventures between ASCs and hospitals or health systems are accelerating, with 59% of ASC leaders saying they would consider a strategic partnership in 2026, according to a VMG Health survey. But leaders who have been through the process caution…
Uncertainty surrounding control over physician practices and decision-making power at healthcare organizations has reached a crescendo in 2026 as hospitals, staffing firms and private equity groups grow their influence in markets across the country. Three recent physician contracting cases have…
Iterative Health, a Massachusetts-based company with an international presence, has acquired the clinical research operations of Waco (Texas) Cardiology Associates along with cardiology research sites in Port Arthur and Beaumont, Texas — all three previously operated by NextStage Clinical Research,…
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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,…
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…