ASC Transactions & Valuation Issues

Four primary care practices in southern New Jersey are being “abruptly” closed by Optum, UnitedHealth Group’s physician practice arm, the Pine Barrens Tribune reported Nov. 20. One of the physicians at a closing practice in Medford, N.J., John Hickey, MD,…

Here are six notes on the Q3 earnings of Surgery Partners, USPI and Optum, three of the biggest players in the ASC industry. 

Los Angeles-based Commons Clinic is positioning itself as a physician-led counterweight to healthcare consolidation, backed by investors who believe independent surgeons are essential to the future of surgical care. For John Loser, founder and general partner of Floating Point, a…

Chicago-based GE HealthCare is to acquire Intelerad, a medical imaging software company with a strong outpatient and ambulatory presence, for $2.3 billion in cash.  The deal will expand GE HealthCare’s enterprise imaging footprint beyond hospitals and academic centers into high-growth…

As some ASCs weigh the promise of hospital joint ventures, leaders caution against misalignments in conversations with prospective hospital partnerships. Here are three red flags to know: 1. Misaligned goals: A strong joint venture needs to be on the same…

Here are five physician practices and clinics that closed during the third quarter, for reasons ranging from recalls to retirements, as reported by Becker’s. 

Emeryville, Calif.-based Vituity, a physician-owned multispecialty partnership, has expanded into radiology with the addition of Focus Medical Imaging.  With the addition, Vituity will provide both diagnostic and interventional radiology, according to a Nov. 11 news release from the company.  Focus…

Reimbursement policy changes have the potential to shift more procedures to ASCs, and with that comes a need for new approaches in ASC quality measurements, Hari Nathan, MD, PhD, said. Dr. Nathan, an associate professor of surgery at the University…

Real estate investment manager BGO has acquired a fully leased medical office building with an ASC in Durham, N.C. The two-story, 35,171-square-foot property, built in 2020, is fully leased to Durham-based EmergeOrtho, one of North Carolina’s largest orthopedic groups, according…

The consolidation of physician practices and ASCs by hospitals, health systems and private equity persists in markets across the U.S. However, some ASC physicians and leaders sense a growing push towards independence as physicians fight for their autonomy and practice…