The number of ophthalmology practice and surgery center acquisitions by private equity firms continued surging in 2018, with eight new players entering the market through October 2018, according to PhysiciansFirst Healthcare Partners.
ASC Transactions & Valuation Issues
To preserve competition, federal antitrust agencies may require parties to divest certain assets before allowing a merger, according to law firm Epstein Becker Green.
KKR's acquisition of Nashville, Tenn.-based Envision Healthcare in June 2018 was the second biggest deal of 2018, according to a PwC report.
New York City-based Mount Sinai Health System's investment arm is taking a minority stake in a planned ASC, according to Tal Healthcare Vice President of Executive Search Monica Heymann.
The Powell (Ohio) planning and zoning commission is expected to approve Columbus-based The Ohio State University's plans for an ambulatory care center in the city Jan. 23, ThisWeek reports.
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Medical Facilities Corp. will pay a cash dividend of $0.07 per share (CDN $0.09) to shareholders of record Feb. 15.
Here are nine updates on ASC companies and industry-relevant companies to note:
A bill introduced in Indianapolis could require healthcare providers to prove the need for new developments in order to win state approval, The Journal Gazette reports.
Dallas-based Tenet Healthcare made a private offering of senior secured notes in an effort to refinance $768 million in outstanding notes.
Wilmington, Del.-based Anchor Health Properties entered into a joint venture with a Carlyle Group affiliate to acquire three medical office buildings in Seattle.