The same strategy is running at many health systems across the country: sell hospitals, buy ASCs, and the transactions are accelerating. St. Louis-based Ascension is on track to become one of the largest ASC operators in the country. The system…
ASC Transactions & Valuation Issues
When Ascension completed its $3.9 billion acquisition of AmSurg on June 4, it marked the end of a three-decade arc for one of the most consequential companies in ASCs. AmSurg controls roughly 3.9% of the ASC market with 250-plus centers…
When Humana’s CenterWell closed its acquisition of MaxHealth in February, the deal looked straightforward enough: a payer buying a primary care network to shore up its Medicare Advantage business in Florida. But the structure of the transaction told a more…
At least 79 bills addressing private equity transactions and investor-backed ownership in healthcare have been introduced across 26 states in 2026 alone, according to a May analysis published in The American Journal of Managed Care. The pace has accelerated sharply:…
The cost of running an ASC has never been higher. Anesthesia stipends, labor costs and supply inflation get most of the attention, but the rent line on the income statement could be moving faster than almost any of them. ASCs…
Advertisement
Newtown, Pa.-based DermDox Group has acquired Modern Aesthetics Plastic Surgery, a three-location aesthetic medicine and plastic surgery practice in Pennsylvania, according to a June 22 news release. The acquisition adds plastic surgery and advanced aesthetic services to DermDox Group’s existing…
Physician ownership of ASC has become a highly consequential factor shaping the future of the industry. Reimbursement is tightening, corporate buyers are aggressive and physicians are increasingly shifting toward employed settings. For those still debating going into ownership or navigating…
Private equity’s footprint in physician practices has expanded sharply over the past decade, but the debate over its consequences has often generated more heat than clarity. A pair of recent analyses — a Commonwealth Fund feature published in April and…
As of early 2026, hospitals or corporate entities employ 82% of physicians — a 5.6 percentage point increase in just two years, according to Avelere and the Physicians Advocacy Institute. The consolidation has been decades in the making, but the…
ASC consolidation is not slowing because independent operators are getting stronger. It’s slowing because the financial math that made acquisitions irresistible no longer works. The roll-up era produced a significant national footprint. Dallas-based United Surgical Partners International, Brentwood, Tenn.-based Surgery…