ASC Transactions & Valuation Issues

The physician staffing industry is facing significant turmoil, with three major firms either shutting down or filing for bankruptcy in the past two years. 

Dallas-based Tenet Healthcare is reshaping its business model to focus on its ASC arm United Surgical Partners International. 

Meadville (Pa.) Medical Center plans to acquire five physician practices from Dallas-based, financially troubled Steward Health Care, the hospital said in a Nov. 27 news release. 

Franklin, Tenn.-based Community Health Systems' planned sale of Commonwealth Health to WoodBridge Healthcare has been terminated. 

Walgreens is facing significant challenges in its primary care strategy.

The ASC industry experienced a wave of megamergers between 2015 and 2018 that fundamentally shifted the competitive landscape. Although the pace of large-scale consolidation has slowed, significant deals and investments continue to shape the industry's trajectory. 

Oakland, Calif.-based Kaiser Permanente is a major employer of physicians that continues to make significant plays in the ASC space. 

Sioux Falls, S.D.-based Sanford Health's is set to acquire physician-owned Black Hills Surgical Hospital and Black Hills Orthopedic and Spine Center — a move poised to reshape the region's healthcare landscape, Sioux Falls Live reported Nov. 14. 

A medical office building in Stamford, Conn., has sold for more than $19 million, according to a Nov. 21 report from the Hartford Business Journal.

A medical office building in Union City, Calif., has sold for $14.4 million, according to a Nov. 20 report from the San Francisco Business Times.