Brentwood, Tenn.-based ASC chain Surgery Partners’ third-quarter revenue rose 6.6% year over year, reaching $821.5 million, according to an earnings report released Nov. 10. Here are eight more things to know: 1. Adjusted EBITDA increased 6.1% to $136.4 million for…
ASC Transactions & Valuation Issues
UnitedHealthcare pays Optum physicians 17% more than comparable non-Optum physicians, a November study published in Health Affairs found. The study used CMS Payer Price Transparency data, analyzing 385,434 price observations across 21,458 physician practices in 28 U.S. metropolitan areas. Here…
An SCA Health property in Alabama has been acquired by Four Corners Property Trust for $3.9 million. The property is corporate-operated under a triple net lease with about four years of term remaining, according to a Nov. 5 news release…
Mediplex Property Group has purchased a healthcare facility anchored by an ASC operated by Surgery Partners. The 28,127-square-foot property is located in West Chester, Pa., according to a Nov. 5 news release from MPG Acquisitions. Surgery Partners manages the MUVE-West…
Here are eight physician groups, outpatient centers and ASCs that were acquired in October, as reported by Becker’s. Note: This list is not exhaustive.
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Bernadette Purser, senior administrator of ambulatory surgery at VCU Health, and Sheldon Barr, president of VCU Community Memorial Hospital, joined Becker’s to discuss how the health system is expanding access to care through a strategic, data-driven ASC network. Editor’s note:…
Investment in high-acuity procedures is one of the “biggest drivers” of ASC volume growth for Dallas-based United Surgical Partners International, CEO Saum Sutaria, MD, said during an earnings call transcribed by Seeking Alpha. Here are five key takeaways: 1. USPI…
Alan Chanales, MD, a Rockville, Md.-based pulmonary disease specialist, will close his medical practice on Dec. 31, according to a notice in TThe Sentinel. He is affiliated with Adventist HealthCare and Holy Cross Hospital–Silver Spring, according to US New &…
A medical office building in Charlotte, N.C., leased to Atrium Health, has been sold, according to a news release from Healthcare Real Estate Advisors, which advised on the transaction. The property is leased to Atrium’s Carolinas Physicians Network, which recently…
Physician ownership in ASCs is evolving, as increased consolidation efforts and other market pressures force physicians to adapt with new, hybrid models of facility ownership and governance. Sarah Malaniak, administrator of Peakpoint Flatiron Surgery Center in New York City, recently…