United Surgical Partners International has been an area of strong performance and growth for Tenet over the years, and in 2020 the company aims to continue building on its reputation to add more centers to its platform.
ASC Transactions & Valuation Issues
Optum reported double-digit annual revenue growth in 2019 and was a driving factor in the success of UnitedHealthcare last year.
A medical office building in Allen, Texas, housing Spine Team Texas and an ASC was sold to an institutional buyer for an undisclosed price.
Since its founding in 2004, Surgery Partners has had a growth strategy dependent on acquisitions and organic growth that has led to revenue growth over the years.
Here are 10 updates on ASC companies and industry-relevant companies to note:
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SightMD, a multispecialty ophthalmology platform backed by private equity firm Sight Growth Partners, has partnered with the New York City-based practice of Spencer E. Sherman, MD, marking the company's third acquisition in the city.
South Portland, Maine-based Spectrum Healthcare Partners gained approval to transfer ownership of its ASC to a new limited liability company, according to a letter dated Jan. 15 from the Maine Department of Health and Human Services.
Self Regional Healthcare Foundation contributed $3 million to finance surgery center, childbirth center and emergency department improvements at the Greenwood, S.C.-based hospital, the Index-Journal reports.
Flagship Healthcare Properties has bought a medical office building fully leased by OrthoCarolina and Frye Surgery Center in Hickory, N.C., according to Connect CRE Real Estate News.
ASCs are expected to experience tremendous growth over the next decade, but provider shortages will hit multiple specialties, according to Sg2's 2019 Impact of Change forecast.