Between 2019 and 2023, 65% of acquired physician practices were purchased by private equity. The second-most-prolific acquirers were physician medical groups, which purchased 14% of private practices, according to data from the American Hospital Association.
ASC Transactions & Valuation Issues
Dallas-based Tenet Healthcare's CEO, Saum Sutaria, MD, sold more than 100,000 shares of his stock in the company, Investing.com reported Aug. 19.
Chicago-based Ascension Saint Elizabeth will close and be repurposed as a community asset.
A bankruptcy judge has approved the sale of financially troubled Steward Health Care's 175-physician group to Nashville, Tenn.-based Rural Healthcare Group, part of private equity firm Kinderhook Industries, for $245 million in cash.
Large health systems are forming partnerships and joint ventures for the development or management of ASCs as care continues to shift from inpatient to outpatient settings.
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An eight-tenant medical office building in Bridgewater, N.J., has sold for $2.45 million, according to an Aug. 16 report from ROI-NJ.com.
UnitedHealth Group's Optum, parent company of Deerfield, Ill.-based ASC chain SCA Health, has seen massive growth in the last few years as other big healthcare networks face obstacles in reaching large-scale profitability.
Nashville, Tenn.-based HCA Healthcare, one of the largest ASC operators, is again facing pushback as it plans for expansion. This time in Central Virginia, where HCA rival Bon Secours Mercy Health of Cincinnati has a prominent presence.
Dallas-based Tenet Healthcare, parent company of United Surgical Partners International, is turning its focus to ASCs as it rapidly sells hospitals.
Here are five recent moves by ASC giant HCA Healthcare.