Chattanooga, Tenn.-based Erlanger Health System won't appeal its denied request for a $9.8 million surgery center and radiation oncology services in North Georgia, the Chattanooga Times Free Press reports.
ASC Transactions & Valuation Issues
Sandy Springs, Ga.-based Northside Hospital filed a letter of intent to shift outpatient surgery services to its new building in Midtown, Ga., Atlanta Business Chronicle reports.
WalletHub released its 2018 Best & Worst States for Health Care study, analyzing several relevant metrics to determine which states had the best healthcare systems.
Dallas-based Tenet Healthcare posted $24 million in second-quarter 2018 net income, compared to $56 million in net losses in the second quarter of 2017.
Miami-based Gastro Health is entering the central Florida market by acquiring Orlando's largest private gastroenterology group, Central Florida Gastroenterology.
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Here are six updates on ASC companies and industry-relevant companies to note:
In the second quarter, Nobilis Helath reported a 13.5 percent decrease in revenue due to discontinuing their lab testing ancillary. Going forward, the company is focused on increasing in-network revenue as well as expanding and diversifying its platform.
Property management firm Atkins Co. acquired a 27,685-square-foot medical office building in Plainville, Conn., for $5.5 million, Commercial Property Executive reports.
MBRE Healthcare purchased three surgery centers for $35 million, Commercial Property Executive reported.
Nobilis Health reported $69.2 million in second quarter revenue, a 13.5 percent decrease from the same period last year.