ASC Transactions & Valuation Issues

Nashville, Tenn.-based HCA Healthcare posted $12.86 billion in first-quarter 2020 revenues, but suspended quarterly dividends and withdrew its full-year guidance due to the COVID-19 pandemic. 

Despite posting $12.86 billion in first-quarter 2020 revenues, HCA Healthcare has felt the effects of the COVID-19 pandemic, taking several measures to combat-related losses.

Some states are beginning to restart elective surgery programs in an effort to mitigate the economic fallout from the COVID-19 pandemic, although experts recommend continuing shelter-in-place orders.

Envision Healthcare, a physician staffing firm, is considering filing for bankruptcy, according to an April 20 Yahoo Finance report.

Here are 11 updates on ASC companies and industry-relevant companies to note: 

Many ASCs operated by Brentwood, Tenn.-based Surgery Partners are operating at less than one-fifth of typical volumes, Nashville Post reports.

The U.S. Court of Appeals for the 8th Circuit ruled Iowa's certificate-of-need law did not violate the 14th Amendment, upholding a lower court's opinion, Jurist reports.

Brownsville, Texas-based Valley Regional Medical Center completed its ASC renovation project, according to construction firm SpawGlass.

Kayne Anderson Capital Advisors purchased the medical office complex that houses Atlantis Outpatient Center for $7.3 million, The Real Deal reports.

In certain states, the COVID-19 pandemic curve is shrinking and calls to restart elective surgery programs are growing louder by the day.