ASC Transactions & Valuation Issues

Scott Fowler, MD, is the president and CEO of Holston Medical Group, which recently opened the Renaissance Surgery Center in Bristol, Tenn. Here, Dr. Fowler shares his thoughts on consolidation in the industry, and how he hopes the Renaissance Surgery…

Nashville, Tenn.-based HCA Healthcare reported revenues of nearly $12.7 billion in the third quarter of 2019, a year-over-year increase of about $11.5 billion. 

A new Gundersen Clinic with an outpatient surgery center is slated to open in spring 2020 in Winona, Minn., according to local ABC affiliate WXOW.

Regent Surgical Health inked a partnership with Universal Health Services, a 354-hospital chain with facilities across the U.S., to build and operate ASCs.

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

Suffern, N.Y.-based Good Samaritan Hospital opened its Bariatric Surgery Center to improve access to bariatric care, the Daily Voice reports.

Arco, Idaho-based Lost Rivers Medical Center will cut the ribbon on its $3.7 million surgery center Oct. 28, the Post Register reports.

An Aurora (Ill.) City Committee wants to give developers $9 million for the second phase of a project to redevelop the campus of a former hospital in the city, the Chicago Tribune reports.

Randi Zuckerberg, founder and CEO of Zuckerberg Media, delivered a keynote presentation at Becker's ASC 26th Annual Meeting in Chicago on Oct. 25.

Arizona investor Boomerang Capital Partners acquired Surprise, Ariz.-based Desert Mirage Medical Plaza, a 37,424-square-foot surgery center, GlobeSt.com reports.