United Surgical Partners International, Surgery Partners and HCA Healthcare, through its Surgery Ventures arm, are three of the largest ASC operators by number of centers.
ASC Transactions & Valuation Issues
Former independent practice Hillsdale (Mich.) Medical Associates is now owned and operated by Hillsdale Hospital, Hillsdale Daily News reported Nov. 13.
Bradenton, Fla.-based MCR Health, a nonprofit medical group, sought Chapter 11 protection Nov. 11, the Tampa Bay Business Journal reported Nov. 13.
Dallas-based Steward Health Care has been facing financial difficulties and controversies since it sought Chapter 11 bankruptcy protection May 6.
Downers Grove, Ill.-based Duly Health and Care has launched a strategic partnership with ASC management services organization Surgery Partners.
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The U.S. Justice Department has filed a lawsuit against UnitedHealth Group, parent company of Optum, to prevent its planned $3.3 billion acquisition of home health provider Amedisys, Bloomberg reported Nov. 12.
A medical office building in El Paso, Texas, has sold for $7.1 million, according to a Nov. 12 report from REBusiness Online.
Retail giant Amazon continues to expand into healthcare, including partnerships with several health systems through its hybrid primary care company One Medical.
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.