Surgery Partners acquires Riverside Pain Physicians; Cantor Fitzgerald analyst claims AmSurg's latest merger leaves its ASC business' future hanging in the balance & more — 6 key notes on ASC companies

Here are six updates on ASC management companies from the past week.

Surgery Partners purchased Riverside Pain Physicians, headquartered in Jacksonville, Fla., and some of its affiliates from Brown Gibbons Lang. Following the transaction, Riverside will be Surgery Partner's foundation for its pain platform in the southwestern United States.

Regent Surgical Health recently named Chris Bishop CEO. In his new role, Mr. Bishop will oversee the surgery center management company's daily operations, as well as Regent's global partnerships.

Joe France, a Cantor Fitzgerald analyst, said AmSurg may have to closely examine its ASC services following its Envision Health merger. Mr. France said the companies may very well decide their ASCs and ASC services may not compliment their physician services business lines following the merger, which may cause the combined entity to leave the ASC industry.

ASD Management celebrated its 20th anniversary on June 1, 2016. Robert Zasa co-founded ASD Management with Joseph Zasa. Mr. Robert Zasa commented the company's client-centered emphasis led it to success, saying "Whether we have an ownership stake in the surgery center or a management contract, we have a vested interest in the outcomes."

Medical Facilities Corp. recently announced a cash dividend of $0.0938 per share. The dividend has a yield of 6.11 percent.

Hospital Corporation of America shares fell 0.09 percent during the week of June 20 to June 24, hitting $76.72 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:
AmSurg finalizes $10B merger with Envision Healthcare, SCA establishes its 1st physician advisory board & more — 6 key notes on ASC companies
4 points on Syracuse Orthopedic Specialists meeting patient demand through its orthopedic-driven ASC
Nobilis Health receives 'hold' rating from Zacks: 6 points

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