Deerfield, Ill.-based Surgical Care Affiliates has 10 ASCs in Illinois after selling two Belleville, Ill.-based ASCs: Belleville Surgical Center and Physicians' Surgical Center.
ASC Transactions & Valuation Issues
An Illinois partnership shut down Belleville (Ill.) Surgical Center and sold Physicians' Surgical Center to Shakeel Ahmed, MD, after both Belleville-based facilities lost surgeons to local hospital groups.
ASC management companies largely reported revenue gains related to their ambulatory businesses in the first quarter of 2019.
Sandusky, Ohio-based Firelands Regional Medical Center will close its ASC in June and reopen it in collaboration with NOMS Healthcare and Fisher-Titus Medical Center in Norwalk, Ohio, according to the Norwalk Reflector.
KKR's acquisition of Envision Healthcare was the largest healthcare buyout of 2018, according to global management consulting firm Bain & Company's 2019 healthcare private equity report.
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The Toronto Stock Exchange accepted Medical Facilities Corporation's normal course issuer bid to repurchase up to 621,144 common shares.
Caliber Brokerage and WellNow Urgent Care are seeking city approval to build a 3,500-square-foot medical clinic in Buffalo, N.Y., The Buffalo News reports.
Tacoma, Wash.-based CHI Franciscan agreed to settle a federal antitrust lawsuit related to the acquisition of an orthopedic practice and affiliation with a separate multispecialty physician group that the state's Attorney General deemed anticompetitive, according to the Washington State Attorney…
Here are 10 updates on ASC companies and industry-relevant companies to note:
Only 14 percent of investors surveyed in March 2018 said skilled nursing facilities met their acquisition requirements, compared to 72 percent for ASCs and 98 percent for medical office buildings, according to Skilled Nursing News.