ASCs have been an attractive investment over the years because they can bring in consistent revenue and distributable cash flows on a reliable basis, according to VMG Health.
ASC Transactions & Valuation Issues
Due to the economic impact of the COVID-19 pandemic, Dallas-based Tenet Healthcare is updating its financial forecast for 2020 and making changes to surgery center services.
COVID-19 is battering Nashville, Tenn.-based Envision Healthcare as the company suffered declines at its 168 ASCs, according to an analysis by Bloomberg.
Share values temporarily recovered when the COVID-19 stimulus package was passed, but long-term recession fears are still driving down value in the volatile market.
Here are eight updates on ASC companies and industry-relevant companies to note:
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For-profit surgery center management company Surgicore is the group behind a business formed to acquire Bayonne (N.J.) Medical Center, the firm confirmed March 24 to The Jersey Journal.
Surgery centers are canceling elective surgeries or imposing visitor limits in response to the COVID-19 pandemic.
Surgery Partners filed a form 8-K and withdrew its full year 2020 outlook, according to Market Exclusive.
Here are eight updates on ASC companies and industry-relevant companies to note:
Surgery centers are canceling elective surgeries or imposing visitor limits in response to the COVID-19 pandemic.