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.
ASC Transactions & Valuation Issues
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.
Three experts in ASC transactions and valuations gathered at the Becker's ASC 24th Annual Meeting: The Business and Operations of ASCs in Chicago Oct. 26 to discuss rising multiples, private equity and healthcare consolidation, among other mergers and acquisitions trends…
Buffalo, N.Y.-based Kaleida Health filed a certificate of need to add lithotripsy, a non-invasive technique to treat stones in the kidney and ureter, at Orchard Park, N.Y.-based Southtowns Surgery Center.
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Hospital Corporation of America reported its financial results for the third quarter of 2017.
The following four ASC management companies made headlines over the past week.
Here is how four major, publicly traded ASC chains fared in the stock market for the week of Oct. 23 to Oct. 27, 2017.
Ophthalmic Consultants of Long Island formed a strategically alignment with Florida-based private equity firm Blue Sea Capital.
Richmond, Va.-based MEDARVA Healthcare opened its second ASC in Richmond, according to Virginia Business.