From her time as California's attorney general, Vice President Kamala Harris became known for her stance against healthcare consolidation. Hospitals, physician groups and payers looking to merge could face an uphill battle if she wins the presidential election in November.
ASC Transactions & Valuation Issues
Walgreens could sell off its stake in primary care chain VillageMD — which it acquired in 2021 in a $5.2 billion deal — according to an Aug. 7 Securities and Exchange Commission filing.
Nashville, Tenn.-based ASC management company SurgNet Health Partners has acquired Tuscaloosa (Ala.) Endoscopy Center.
ASC giant United Surgical Partners International continues to grow as its parent company Tenet Healthcare reorganizes its portfolio towards ASC development.
Real estate investors Cypress West and TPG Angelo Gordon, who entered into a joint venture in April, have closed on a portfolio of six outpatient facilities on the West Coast.
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The ASC industry is historically fragmented, but one company seeing skyrocketing growth in the last five years through consolidation.
Two medical office buildings in Paducah, Ky., have been acquired by Montecito Medical Real Estate for $15 million, according to an Aug. 7 report from REBusiness Online.
Brentwood, Tenn.-based Surgery Partners' revenues jumped 14.2% to $762.1 million for the second quarter of 2024, according to the company's financial report released Aug. 6.
Optum Services of Minnesota, an affiliate of United Health, has purchased a medical office building in Marysville, Wash., for $20.3 million according to an Aug. 6 report from the Seattle Daily Journal of Commerce.
Here are 10 ASC companies to know: