Medical outpatient facility Naperville (Ill.) Medical Center has been sold for $16.3 million, according to an April 4 report from the Chicago Business Journal. The 39,000-square-foot building is fully leased to Advocate Outpatient Center, an affiliate of Downers Grove, Ill.-based…
ASC Transactions & Valuation Issues
In February, Walgreens Boots Alliance entered into a $10 billion definitive agreement with private equity firm Sycamore Partners to take the company private. The total value of the deal could reach as high as $23.7 billion and is expected to…
South Bend, Ind.-based Beacon Health System will acquire 35 outpatient clinics and an ASC from Ascension Michigan, a division of St. Louis-based Ascension Health, according to an April 3 report from the South Bend Tribune. Beacon will also acquire four…
Tallahassee Primary Care Associates is closing after nearly 30 years, WFSU Public Media reported April 1. The closure will take effect April 25, according to the report. In January, the practice announced that “select physicians” would be departing, and that…
Independent ASCs are under growing pressure as reimbursement fails to keep pace with rising operational costs, staffing shortages and mounting administrative burdens. In response to these challenges, Gregg Gordon launched Surgical Solutions IPA in 2024, one of the country’s first…
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Here are 12 financial notes from three of the biggest ASC operators, pulled from their most recent financial reports: United Surgical Partners International (Dallas) 1. USPI reported $4.5 billion in net operating revenues for 2024, a 15.4% increase from $3.9…
On April 1, Los Angeles-based Prospect Medical Holdings was scheduled to present a proposed purchase agreement for a consortium to acquire Upland, Pa.-based Crozer Health — but the meeting was rescheduled, Daily Times reported April 1. Prospect asked U.S. Bankruptcy…
Here are five major hospital and health system deals since March 1: 1. Prime Healthcare acquires eight Ascension hospitals in Illinois Ontario, Calif.-based Prime Healthcare has completed its acquisition of eight hospitals and two ASCs in Illinois from St. Louis-based…
In response to growing challenges facing independent ASCs, healthcare consultant Gregg Gordon launched Surgical Solutions IPA, one of the nation’s first independent practice associations dedicated exclusively to ASCs, in 2024. The New York City-based organization aims to bring together independent…
Orthopedic procedures had the highest average net revenue per case at ASCs in 2024, according to HST Pathways’ latest “State of the Industry Report.” Here is a breakdown of the average net revenue per case by specialty: