ASC Transactions & Valuation Issues

Brentwood, Tenn.-based ASC chain Surgery Partners posted adjusted earnings per share of $0.19 for the quarter, missing Wall Street's expectation of $0.25, according to third-quarter earnings released Nov. 12. 

Hospital and ASC partnerships have been on the rise in 2024, but these joint ventures are not always an ideal match for ASCs looking to grow while maintaining autonomy in competitive markets. 

Physicians Surgery Center of Jackson, Tenn., has sold a majority of its shares to a nationally recognized ASC management firm.

ASCs, hospitals, health systems and investment groups have increasingly looked to joint venture partnerships over the past year as a strategy for growing practices and expanding access to care.

While ASCs remain largely independent, consolidation is on the rise as the industry's largest chains continue to expand, leaving the state of practice independence in flux.

A medical office building in Youngstown, Ohio, has sold for $995,000, according to a Nov. 8 report from The Business Journal. 

The increased range and complexity of services that ASCs offer has opened the door for a new era of collaboration between ASCs and hospitals, both of whom stand to benefit from partnerships. 

CarePoint Health Systems, based in Jersey City, N.J., filed for Chapter 11 bankruptcy on Nov. 3 to continue operating its facilities while financially restructuring. 

Here are the number of ASCs and affiliated physicians at five of the biggest ASC chains in the U.S.:

A Boca Raton, Fla.-based medical office building has sold for $36.79 million, down from $50 million in its 2021 trade, according to a Nov. 5 report from the South Florida Business Journal.