Dallas-based Tenet Healthcare has completed another hospital sale as it continues to look to its ASC arm, United Surgical Partners International, to drive growth.
ASC Transactions & Valuation Issues
A former theater in San Francisco has been sold to an affiliate of several area medical professionals for $4.9 million, according to a Sept. 30 report from the San Francisco Business Times.
Dallas-based Tenet Healthcare has completed the sale of its 70% ownership of five hospitals in Alabama, South Florida Hospital News reported Oct. 1.
Brentwood, Tenn.-based Surgery Partners, a leading ASC operator, has caught the eye of investors amid consistent growth and rumors of potential buyouts, according to a recent analysis from Seeking Alpha.
While still a largely independent field, consolidation is on the rise in the ASC industry, with a few major players building out substantial ASC chains.
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Brentwood, Tenn.-based ASC operator Surgery Partners could be the next "hot takeover" of the market, MarketBeat reported Sept. 25.
Santa Clara (Calif.) County's board of supervisors has unanimously approved the appropriation of $315 million to purchase a hospital from HCA Healthcare, one of the country's largest ASC operators.
For years, healthcare has been a major area of focus for private-equity investment, driving strong trends of consolidation within the industry. But a recent market analysis report from Pitchbook shows that momentum in healthcare specialist funds may be slowing down.
Bellingham, Wash.-based Doherty Dermatology has been acquired by Frontier Dermatology.