Operational costs are soaring for ASCs while reimbursements continue to decline. Some physicians point to a lack of communication from payers regarding ASC's true costs for creating this financial tension.
ASC Transactions & Valuation Issues
Dallas-based Tenet Healthcare, parent company of ASC giant United Surgical Partners International, has agreed to sell its majority interest in Birmingham, Ala.-based Brookwood Baptist Health to Orlando (Fla.) Health.
Midland-based MyMichigan Health has finalized the acquisition of several Michigan-based Ascension facilities, including a Saginaw-based ASC and a Tawas-based surgery center, according to an Aug. 1 report from the Detroit Free Press.
Following a slower-than-expected onboarding process, Saum Sutaria, MD, CEO of Dallas-based Tenet Healthcare, parent of ASC chain United Surgical Partners International, said that the company "feels good" about the acquisition progress and doesn't think of the ASCs as a separate…
A medical office building in Lakewood Ranch, Fla., has sold for $31.8 million, according to a July 31 report from the Business Observer.
Advertisement
Here are 12 things to know from three major health systems and providers who operate ASC chains:
The North Carolina attorney general's office is asking the state health department to deny HCA Healthcare's certificate-of-need application to add 26 acute care beds to its Asheville-based Mission Hospital.
An outpatient surgery facility in Gardendale, Ala., has sold for $6.81 million, according to a July 25 report from the Birmingham Business Journal.
ASC management services provider AmSurg has acquired ownership interest in Salem, Ore.-based River Road Surgery Center.
Investment firm Värde Partners and medical office real estate investment firm Unity Medical Properties have partnered to acquire a surgery center in Palm Beach Gardens, Fla., for $14.5 million, according to a July 29 report from The Real Deal.