SurgCenter Development ASCs perform almost 7k joint replacements in 2016; NY Department of Health approves Frontier, Liberty Endoscopy Center’s ASC plans & more — 5 ASC company notes

Here are five updates on ASC management companies to note from the past week.

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Nine analysts gave Nashville, Tenn.-based Surgery Partners a “buy” rating. The company’s market cap. totals $872.87 million.
 
Frontier Healthcare Holdings and Liberty Endoscopy Center partnered to open a gastroenterology-facing ASC in New York, where the two companies are located. The New York Department of Health issued its approval for the ASC on Jan. 13, 2017.
 
SurgCenter Development, a Pismo Beach, Calif.-based ASC management company, provided nearly 7,000 joint replacements at its surgery centers last year. In 2016, SurgCenter Development discharged more than 96 of its joint replacements in the same day.
 
During the week of Jan. 16 to Jan. 20, 2017, Nashville-based Hospital Corporation of America shares rallied 0.4 percent, trading at $79.71 per share.
 
Dallas-based Tenet Healthcare shares plummeted 2.1 percent during the week of Jan. 16 to Jan. 20, 2017, trading at $18.10 per share.

If you have a question, issue or note to suggest on an ASC management and development company please contact Mary Rechtoris at mrechtoris@beckershealthcare.com.

More articles on surgery centers:
Surgery Partners receives ‘buy’ rating — 5 key notes
OrthoSports Athens, Athens-Limestone Hospital break ground on $25M ASC, medical office building: 5 things to know
Healthcare firm: More M&A activity coming down the pipeline, consumer benefits unknown — 3 key takeaways

At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.

Register to Attend Webinar

Is ambulatory care healthcare’s big margin engine? 4 leaders weigh in

Wednesday, July 29
1:00 PM - 2:00 PM CDT

Presenters: Joe Ganley, athenahealthJeffrey Flynn, CASC, Gramercy Surgery CenterBryan Tsao, Access Center, Loma Linda University HealthJason Zepeda, Northridge Hospital Medical Center, CommonSpirit HealthGreg DeConciliis, PA-C, CASC, Boston Out­Patient Surgical Suites

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