Tenet's ambulatory care segment revenue declined year over year for the first quarter of 2019, in part due to the company's divestiture of Aspen Health last year.
ASC Transactions & Valuation Issues
Here are six updates on ASC companies and industry-relevant companies to note:
After offering the public a glimpse at an open house, Hamilton, Mont.-based Marcus Daly Memorial Hospital opened its $15 million surgery center April 26, NBC Montana reports.
Echo Development Group plans to develop a 60,000-square-foot medical office building with a surgery center in Colorado Springs, Colo.
Real estate holding company Montecito Medical acquired a medical office building housing an ASC in Bedford, N.H.
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Quincy (Ill.) Medical Group reported that a mysterious phone campaign has been surveying the Quincy public for their thoughts on QMG and Quincy-based Blessing Health System, local news affiliate KHQA reports.
Augusta, Ga.-based University Hospital plans to sell its stake in an Evans, Ga.-based ASC to an academic medical center, according to the Augusta Chronicle.
A team of physicians wants to build a four- to six-suite surgery center in Aurora, Ill., on the campus of a former hospital, the Chicago Tribune reports.
Tucson, Ariz.-based Northwest Healthcare broke ground on Sahuarita (Ariz.) Medical Center, a healthcare development featuring outpatient services and medical office space, local news affiliate KOLD reports.
Beaumont Health, Michigan's largest healthcare system, plans to open an outpatient campus in Wayne County in 2020.