Last year, Optum revenues jumped 11.5 percent, reaching $113 billion. OptumHealth revenues were up 26 percent to $30.3 billion, led by OptumCare, which includes Surgical Care Affiliates.
ASC Transactions & Valuation Issues
Leawood, Kan.-based NueHealth acquired minority ownership in Paoli (Pa.) Surgery Center and assumed the facility's day-to-day management in late 2019, according to a press release.
Healthcare and life sciences deal activity was up 40 percent year over year in November 2019, according to the 2020 KPMG Healthcare and Life Sciences Investment Outlook survey.
Here are three joint-venture ASCs opened or announced in December:
United Surgical Partners International has been an area of strong performance and growth for Tenet over the years, and in 2020 the company aims to continue building on its reputation to add more centers to its platform.
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Optum reported double-digit annual revenue growth in 2019 and was a driving factor in the success of UnitedHealthcare last year.
A medical office building in Allen, Texas, housing Spine Team Texas and an ASC was sold to an institutional buyer for an undisclosed price.
Since its founding in 2004, Surgery Partners has had a growth strategy dependent on acquisitions and organic growth that has led to revenue growth over the years.
Here are 10 updates on ASC companies and industry-relevant companies to note:
SightMD, a multispecialty ophthalmology platform backed by private equity firm Sight Growth Partners, has partnered with the New York City-based practice of Spencer E. Sherman, MD, marking the company's third acquisition in the city.