ASC Transactions & Valuation Issues

Pewaukee, Wis.-based Lake Country Surgery Center closed and voluntarily terminated its Medicare benefits in December 2018.

Here are 10 updates on ASC companies and industry-relevant companies to note:

Tenet's ambulatory care segment revenue increased 5.3 percent year over year in the second quarter of 2019, the company reported on Aug. 5.

Nashville, Tenn.-based Covenant Surgical Partners is in the midst of an acquisition spree. Fueled by private equity money, the physician services organization has acquired several practices this year and has its sights set on more.

Upper Kirby Surgery Center in Houston is looking to partner with interested surgeons, according to founding partner Forrest Roth, MD.

Private equity firm Welsh, Carson, Anderson & Stowe raised $4.3 billion to invest in healthcare and technology companies.

HCA Healthcare grew its outpatient caseload 3 percent year over year in the second quarter of 2019, which contributed to the company posting $12.6 billion in revenues for the quarter.

The ACA imposed a moratorium on physician-owned hospitals in 2010, preventing the development of 37 planned physician-owned hospitals, according to a report the Trump administration released in late 2018.

Although a number of physician-owned hospitals have been sold or shut down since the ACA imposed a moratorium on them in 2010, a few independent ones have managed to keep growing.

A building housing the Indianapolis-based Indiana Hand to Shoulder ASC and the practice's headquarters has been sold in a joint venture, according to Inside Indiana Business.