CarePoint Health Systems, based in Jersey City, N.J., filed for Chapter 11 bankruptcy on Nov. 3 to continue operating its facilities while financially restructuring.
ASC Transactions & Valuation Issues
Here are the number of ASCs and affiliated physicians at five of the biggest ASC chains in the U.S.:
A Boca Raton, Fla.-based medical office building has sold for $36.79 million, down from $50 million in its 2021 trade, according to a Nov. 5 report from the South Florida Business Journal.
Massive healthcare sell-offs are impacting ASCs in various markets, including changes in competitive dynamics, reimbursement rates and opportunities for partnerships.
Dallas-based United Surgical Partners International, Tenet Healthcare's ASC arm, is emphasizing high-acuity procedures to fuel its expansion.
Advertisement
An ophthalmologist's lawsuit against North Carolina's Health Department could spur market competition between Winston-Salem-based Novant Health and Charlotte-based Atrium Health, The Herald reported Nov. 4.
Optum, Tenet and HCA Healthcare are huge players in the ASC industry with different strategies for growth.
A 22,097-square-foot medical office building in Bridgeton, Mo., has changed hands for $8.8 million, according to a Nov. 5 report from REBusiness Online.
It's been more than one year since AmSurg officially emerged under new ownership as a separate and independent entity from Envision Healthcare, its former parent company, which filed for Chapter 11 bankruptcy in May 2023.
St. Louis-based Ascension has sold its St. Vincent's Health System to The University of Alabama at Birmingham Health System Authority in a deal valued at $450 million, effective Nov. 1.