ASC Transactions & Valuation Issues

Hospitals continue to face financial headwinds heading into 2024, and some are closing clinics or reducing outpatient services as a result.

Here are three major updates since Nov. 17 from Dallas-based Tenet Healthcare, parent company of ASC chain United Surgical Partners International, the largest ASC chain in the country. 

Nashville, Tenn.-based HCA Healthcare has more than 150 ASCs, making it the fourth-largest outpatient surgery center operator nationwide. 

A recently constructed medical office building in Alamo Heights, Texas, has filled up following the addition of four new physician practice tenants, according to a Dec. 18 report from the San Antonio Business Journal. 

Portland-based Legacy Health has sold a medical office building on its Legacy Emanuel Medical Center campus for $60.5 million, according to a Dec. 14 report from The Oregonian.

UnitedHealth Group, parent company of Optum, now employs, contracts or aligns with roughly 90,000  physicians in the country, according to a Dec. 14 report from Medscape. 

A medical office building housing an OrthoVirginia practice in Ashburn, Va., was sold for $8.5 million, ReBusiness Online reported Dec. 14. 

Here are 10 of the most interesting deals completed in the ASC space that Becker's reported on in 2023:

United Surgical Partners International, SCA Health and AmSurg are three of the biggest ASC chains. Here is how they compare based on their number of ASCs and affiliated physicians: 

Optum's ASC operator branch, SCA Health, now has more than 320 surgical facilities and 9,200 physicians.