San Antonio-based The Wilford Hall Eye Center united the U.S. Air Force's 59th Medical Wing's department of ophthalmology and optometry as well as the Joint Warfighter Refractive Surgery Center, Dvids reports.
ASC Transactions & Valuation Issues
Here are six recent ASC acquisitions and partnerships announced in October 2017.
The ASC industry is in a mature phase of its business lifecycle, with most valuation trends in the market — such as greater consolidation and demand for transactions — changing little year over year.
Medical Facilities Corp. shares decreased 6.4 percent Nov. 1, according to equities.com.
Envision Healthcare shares fell 38 percent Nov. 1, according to Reuters.
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Here are nine ASCs that opened or were announced during the month of October.
Dallas-based Tenet Healthcare reported net losses of $366 million in its preliminary third quarter fiscal year 2017 results.
Surgery Partners reported several challenges in the third quarter with slower than expected revenue growth, and the company anticipates a loss before income taxes of around $21.9 million, up significantly from $12.6 million over the same period last year.
During the third quarter, Pittsburgh-based Allegheny Health Network reported financial results that fared better than anticipated, according to Pittsburgh Business Times.
Greenwood Village, Colo.-based Envision Healthcare reported its financial results for the third quarter of 2017 and noted the company's operations were disrupted by hurricanes Harvey and Irma.