A Chicago-based private equity firm completed a strategic partnership with an Atlanta-based otolaryngology practice that includes seven locations and two affiliated ASCs.
ASC Transactions & Valuation Issues
Peoria (Ill.) Ambulatory Surgery Center gained state approval to change its ownership structure.
Englewood, N.J.-based The Center for Musculoskeletal Disorders acquired Bergenfield Surgical Center, a nearby ASC with two operating rooms, according to The Jewish Link of New Jersey.
Beaufort (S.C.) Memorial Hospital is building a 70,000-square-foot medical office building in Okatie, S.C., Fox 28 Media reports.
The N.C. Division of Health Service Regulation approved Winston-Salem, N.C.-based Triad Center for Surgery's ASC proposal, the Winston-Salem Journal reports.
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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.
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.