The following five major companies have made a name for themselves in the ASC business, providing management expertise to centers spanning the nation.
ASC Transactions & Valuation Issues
A Dallas-based Tenet Healthcare Corp. bond traded 0.3 percent lower on Nov. 28, 2016, according to Baseball News Source.
Atlanta-based Perimeter Center for Outpatient Surgery submitted form D for $206,000 equity financing, according to Frisco Fastball.
Cincinnati-based TriHealth selected Fort Mitchell, Ky.-based Paul Hemmer Co. to renovate its new campus in Anderson Township, Ohio, which includes an ASC, according to The Lane Report.
In the third quarter of 2016, healthcare sector transactions were down year-over-year, but the value was up 23.8 percent, according to a PwC Deals report.
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Nashville, Tenn.-based Surgery Partners shares fell 5.01 percent on Nov. 24, according to equities.com.
Here are five updates on ASC management companies to note.
The New York State Public Health and Health Planning Council gave New York City-based Manhattan Endoscopy Center approval for its permanent licensure.
Mercy Health-Fairfield (Ohio) Hospital has undertaken a surgical renovation project totaling $14 million, including work on its ASC, according to Journal-News.
Throughout the past decade, the Federal Trade Commission has used its antitrust power to stop potential hospital mergers, and it's been winning the war on monopolies, Mondaq reports on an article printed in The Legal Intelligencer.