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?
ASC Transactions & Valuation Issues
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…
The next major growth opportunity for ambulatory ASCs may lie in partnerships with other outpatient facilities, such as urgent care clinics and orthopedic walk-in centers, according to Alejandro Badia, MD, founder and chief medical officer of Miami-based Badia Hand to…
A medical office building in Wauwatosa, Wis., has sold for $52.5 million, according to a March 12 report from the Milwaukee Business Journal. The three-story, 100,977-square-foot facility is fully occupied by the Medical College of Wisconsin. The building was purchased…
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As practice costs soar and more physicians transition to employed models, financial stability and physician autonomy often seem at odds. Pradnya Mitroo, MD, president of Fresno (Calif.) Digestive Health, joined Becker’s to discuss how she feels the future of independent…
Physician staffing firm NES Health filed for Chapter 7 bankruptcy on Feb. 21, according to court documents obtained by Becker’s. NES announced plans to cease operations in November, citing financial challenges. Reports indicate that the company’s financial struggles left emergency…
Walgreens Boots Alliance has entered a $10 billion definitive agreement with Sycamore Partners, a private equity firm, to take the company private. The total deal value could reach up to $23.7 billion and is expected to be completed in the…
Franklin, Tenn.-based Outpatient Imaging Affiliates, a private equity-backed physician group that delivers outpatient imaging services to hospitals, is launching a network of outpatient imaging centers in a joint venture with the Medical University of South Carolina in Charleston. According to…
The ASC industry continues to see rapid consolidation, investment and strategic partnerships as healthcare organizations seek to expand their market presence.