More ASCs owned by hospitals or health systems will be structured as physician-hospital joint ventures in 2020, Avanza Healthcare Strategies predicted.
ASC Transactions & Valuation Issues
Mercy Hospital has purchased Stateline Surgery Center, Orthopaedic Specialists of the Four States and Premiere Surgical Institute, according to local TV news station KOAM News Now.
PeaceHealth in Vancouver, Wash., plans to acquire Bellingham, Wash.-based Pacific Rim Outpatient Surgery Center in a deal expected to finalize in March or April, according to the Bellingham Herald.
Here are seven updates on ASC companies and industry-relevant companies to note:
Sutter Health Plus added Santa Cruz, Calif.-based Dignity Health Dominican Hospital to its network, effective Jan. 1, TPG Online Daily reports.
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Six recent ASC acquisitions, sales:
Three recent health system, ASC partnerships:
Augusta (Ga.) University Health acquired a 67 percent stake in the freestanding Surgery Center of Columbia County in Evans, Ga., in October, the Augusta Chronicle reports.
Chillicothe, Ohio-based Adena Health System signed a letter of intent to acquire Washington Court House, Ohio-based Fayette County Memorial Hospital and its associated assets, The Times-Gazette reports.
Physician medical group merger and acquisition activity fell 45 percent in the fourth quarter, the lowest of the previous four quarters, a report from HealthCareMandA.com reports.