Fisherville, Va.-based Augusta Medical Group linked plans to consolidate three locations. Here are five things to know: 1. Augusta Medical Group is consolidating three care sites: Buena Vista Primary Care, Churchville Primary Care and Weyers Cave Urgent Care. Augusta Medical…
ASC Transactions & Valuation Issues
Provo, Utah-based Revere Health, an independent multispecialty physician group, plans to lay off 177 employees, according to a Utah WARN notice. The notice is dated for Nov. 3, and comes after Revere Health moved to partner with Dallas-based IKS Health,…
Independent physicians face steeper challenges than ever before in ASC development. Raleigh, N.C.-based Compass Surgical Partners, an ASC company that has built more than 250 centers over the past 30 years, is now working to address those pressures head-on. Mark…
For Raleigh, N.C.-based Compass Surgical Partners, the key to ASC success is not scale alone. It is independence, intentional partnerships and agility. Independent physicians are on the decline, and staying independent is more difficult than ever. Small groups often struggle…
A multispecialty ASC in Panama City, Fla., leased by SCA Health, has been sold, according to a news release shared with Becker’s. The 15,255-square-foot facility, Northwest Surgery Center, includes three operating rooms, two procedure rooms, pre- and post-operative recovery areas,…
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As consolidation accelerates, regulations tighten and financial pressures mount, ASC leaders are rethinking how ownership structures can support long-term sustainability. Four ASC leaders joined Becker’s to discuss what immediate change they would make to today’s ownership landscape, and why it…
Joint ventures with hospitals and health systems have become an increasingly important tenet of ASC growth and development, as the demand for outpatient surgery rises and the market becomes more competitive. Here are three trends shaping the way that ASC…
ASCs are navigating a tough financial landscape: operational costs continue to climb while Medicare and private payer reimbursements remain flat, or, in some cases, decline. From staffing models to supply chain management, six ASC experts joined Becker’s to discuss how…
In the competitive ASC market, joint ventures have become a cornerstone of growth. But Regent Surgical Health CEO Travis Messina argues that too many JV discussions begin in the wrong place: with management companies pitching solutions before understanding a partner’s…
Here are four hospital closures Becker’s has reported on since Aug. 1: 1. Banner Health will end emergency services at its Loveland, Colo.-based Banner McKee Medical Center on Nov. 5 as the facility is converted to a specialty hospital. Banner…