Lisa Egbert, MD, an OB-GYN, is closing her practice, the Paragon Women’s Center in Centerville, Ohio, due to financial constraints largely driven by reimbursement challenge, Spectrum News 1 reported March 19. Dr. Egbert operated her practice for nearly 30 years,…
ASC Transactions & Valuation Issues
CVS Health is reevaluating its role in healthcare as financial pressures mount. The company, along with other major retailers, is scaling back its healthcare ambitions in response to economic and operational challenges. In 2024, CVS reported total revenues of $173.6…
As the ASC industry continues to evolve, major players are adapting their strategies to meet market demands, regulatory changes and shifting patient needs. Three of the largest ASC operators — United Surgical Partners International, HCA Healthcare and Surgery Partners —…
A medical office building in Arlington, Va., has sold for $47 million — 6% less than the property was last traded for in 2021, according to a March 17 report from the Washington Business Journal. The eight-story Arlington Medical Center…
Independent ASCs are declining after decades of sinking reimbursement rates and soaring operational costs have forced ASC leaders and physicians to think critically about the future of their practice’s financing. Financial stability and improved rates with payers are one of…
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The majority of ASCs specialize in a single specialty, with gastroenterology leading the way, according to a March 13 MedPAC report to Congress. Here’s a breakdown of ASC specialties, as of 2023: Editor’s note: A single-specialty ASC is defined as…
Charlotte, N.C.-based Atrium Health has submitted a proposal to the state requesting the relocation of operating rooms from Gateway Surgery Center in Concord, N.C., to Atrium Health Cabarrus, also in Concord, according to a March 17 report from The Charlotte…
A physician from Mount Airy, N.C. was sentenced to 30 months in prison and ordered to pay more than $2 million for his role in a fraud scheme, the Justice Department said in a March 14 news release. What happened?
Independent ASCs in the United States face daunting financial challenges as they seek to remain autonomous and resist being acquired by health systems or private equity-backed entities. Most independent ASCs are unable to leverage a corporate parent or rely on…
Bradley Heaton, CEO of the surgery center division at Sacramento, Calif.-based Sutter Health, joined Becker’s to discuss the health system’s evolving ASC strategy and its plans for expansion. “The ASCs within our system are a critical part of that work…