SurgCenter Developments opens 100th operational center; Tenet Q4 net losses total $79M & more—5 ASC company notes

Here are five notes on ASC management companies to note:

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Pismo Beach, Calif.-based SurgCenter Development opened Grand Rapids (Mich.) Surgical Suites, marking the management company’s 100th operational center. Grand Rapids Surgical Suites opened its doors on Feb. 10, 2017.

Dallas-based Tenet Healthcare Corp. had net losses from continuing operations of $79 million for the fourth quarter of 2016.

For Q4 2016, Houston-based Nobilis Healthcare reported revenue reaching $101.9 million, up 13.2 percent over the same period last year.

Greenwood, Colo.-based Envision Healthcare reported $865.8 million in total revenue in its physicians services division in Q4 2016, increasing over the $378.1 million in the prior year’s period.

Nashville, Tenn.-based Hospital Corporation of America shares were down 2.9 percent at $85.75 per share during the week of March 6 to March 10, 2017.

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 transactions/valuations:
Axis Healthcare Partners teams up with ANF Group on 19-sq-ft ASC: 4 things to know
Nobilis reports 24.7% revenue increase in 2016, but misses profitability goal: 5 things to know
Fairbanks Memorial Hospital opens surgery center: 4 key notes

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.

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

Wednesday, July 29
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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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