ASC Transactions & Valuation Issues

Tenet Healthcare saw major growth in the fourth quarter of 2023.

Optum, the country's largest employer of physicians and parent company of ASC chain SCA Health, is focusing on a different type of growth: hiring employees instead of building facilities. 

Tenet Healthcare, parent company of ASC chain United Surgical Partners International, has sold off several assets since the beginning of the year, including seven hospitals and three ASCs. 

Here are four major deals from three of the largest ASC operators in the country so far in 2024:

Orange, Calif.-based UCI Health entered into a definitive agreement to acquire Dallas-based Tenet Healthcare's Pacific Coast Network, which consists of four hospitals and two ASCs across Southern California.

Tenet Healthcare, parent company of ASC chain United Surgical Partners International, has finalized the sale of three hospitals in South Carolina to Winston-Salem, N.C.-based Novant Health for $2.4 billion. 

Nashville, Tenn.-based HCA Healthcare rounded out 2023 with fourth-quarter net income totaling $1.61 billion, a decrease of 26% year over year.

Healthcare real estate firm Flagship Healthcare Properties has acquired a medical office building in Mechanicsville, Va., for $5.4 million, according to a Jan. 30 report from Richmond BizSense. 

Optum, parent company of ASC chain SCA Health, is the country's largest employer of physicians, with a portfolio of 90,000 affiliated. 

Port Arthur-based Medical Center of Southeast Texas, an affiliate of Dallas-based Steward Health Care, will close its campus in Beaumont Feb. 2.