ASC Transactions & Valuation Issues

Medical Facilities Corp., reached a deal to sell the majority of its stake in Mishawaka, Ind.-based Unity Medical and Surgical Hospital to a group of physician investors.

Tenet Health released its financial results for the fourth quarter of 2019, showing growth for its ASC-focused subsidiary United Surgical Partners International, and Conifer, its revenue cycle and value based care services arm.

A pair of investors paid $6.1 million for a surgery center-anchored medical office property in Raleigh, N.C., Triangle Business Journal reports.

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.