Health systems are on an independent practice shopping spree. Between July 2015 and July 2016 the Physicians Advocacy Institute reports 5,000 independent practices were acquired by health systems.
ASC Transactions & Valuation Issues
Zacks Equity Research raised its guidance on Dallas-based Tenet Healthcare to "hold," the Ledger Gazette reports.
The Federal Trade Commission sent DaVita a letter seeking more information on its $4.9 billion sale to UnitedHealth subsidiary Optum, according to a DaVita SEC filing.
Fayetteville, N.C.-based Valleygate Dental Surgery Center, the first ASC in North Carolina focused on children's dental care, is set for a grand opening in March.
Hackensack Meridian Health Riverview Medical Center in Red Bank, N.J., opened a Digestive Care Center inside its ASC, TapInto reports.
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Cognizant will acquire Bolder Healthcare Solutions, a revenue cycle management provider, Healthcare IT News reports.
Nobilis Health reported $299.7 million for 2017 revenue, a 4.9 percent increase over 2016. However, natural disasters and tax reform set the company back in the fourth quarter.
West Orange, N.J.-based RWJBarnabas Health will open physician hubs in seven locations in the northern part of the state, NJBiz reports.
Private equity firm Palamon Capital Partners sold its stake in Furth, Germany-based ophthalmology group Ober Scharrer for 3.6 times its initial investment, Private Equity News reports.
Here are nine updates on ASC and industry-relevant companies to note.