ASC Transactions & Valuation Issues

From rising labor costs to shrinking reimbursements, seven leaders joined Becker’s to discuss the mounting financial pressures facing ASCs today.   Editor’s note: Responses have been lightly edited for clarity and length. Question: What is the most significant financial challenge ASCs…

UnitedHealth Group and Amedisys reached a proposed final settlement with the U.S. Justice Department and attorneys general from Maryland, Illinois, New Jersey and New York to resolve an antitrust lawsuit that had stalled their $3.3 billion merger. Here are eight…

Dallas-based Steward Health Care filed a lawsuit July 15 in bankruptcy court against its former chairman and CEO, Ralph de la Torre, MD, alleging insider transactions and mismanagement drained its assets and contributed to its financial collapse.  Tenet Healthcare, parent…

Brentwood, Tenn.-based Surgery Partners is doubling down on independence following the decision not to proceed with Bain Capital’s proposed acquisition, according to the company’s second quarter earnings call transcribed by Seeking Alpha.  In the call, CEO Eric Evans emphasized that…

Here are five ASC leaders’ recent thoughts on the increasingly consolidated physician and ASC landscape: Janet Calson. Executive Director of Commonwealth Pain & Spine: Consolidation is driving up healthcare costs. It gives large health systems monopolies. Physicians are forced to…

As hospital-ASCs dynamics evolve, some health systems are seen as allies in outpatient care expansion, while others are seen as stalling progress.  Janet Carlson, executive director of Commonwealth Pain & Spine, spoke with Becker’s about what makes an ideal hospital…

Brentwood, Tenn.-based Surgery Partners reported second-quarter revenue of $826.2 million, an 8.4% year-over-year increase that surpassed Wall Street expectations, according to its earnings report released Aug. 5.  Here are five more things to know: 1. Same-facility revenues increased by 5.1%…

ASC ownership and leadership have undergone significant changes in recent years, as more independent and physician-owned ASCs shift toward increasingly complex and consolidated arrangements involving hospitals, private equity and corporate stakeholders.  But for Charlotte, N.C.-based OrthoCarolina, physician ownership and leadership…

Here are two hospital closures that Becker’s has reported on since July 1: 1. St. Luke’s Des Peres Hospital (St. Louis) St. Luke’s Des Peres Hospital officially closed its doors on August 1 due to persistently low patient volumes and…

Here are nine hospitals and health systems conducting layoffs in July, as reported by Becker’s: 1. Allina Health plans to close four clinics — three suburban Minneapolis medical clinics in Inver Grove Heights, Maplewood and Oakdale, plus one on Nicollet…