Surgery Partners reports $417M in revenue & more — 10 ASC industry notes

Here are 10 updates on ASC companies and industry-relevant companies to note:

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Brentwood, Tenn.-based Surgery Partners reported $416.8 million in first quarter 2019 revenue while growing its same-facility revenue 5 percent. Read more.

Surgery Partners is also hosting a career fair May 8 at Millenia Surgery Center in Orlando, Fla.

West Bloomfield Township, Mich.-based Lakes Ambulatory Surgical Center joined Phoenix-based The Core Institute. Surgery Partners has an ownership share in this center.

Avera Health will stop offering care under its employee health plan at three physician-owned practices as it continues to build its own orthopedic presence.

Providence-based Ortho Rhode Island began developing a medical office building and surgery center in Warwick, R.I.

Froedtert & the Medical College of Wisconsin’s ASC and health center developments could make a $53 million economic impact on the area. The Milwaukee-based health system plans to open a 17,000-square-foot ASC in Polk, Wis.

Toronto-based Medical Facilities Corp. increased its revenue to $99.1 million despite drastically decreased operations-derived income. Read more.

Three groups have joined Melville, N.Y.-based North American Partners in Anesthesia since Jan. 1: Prince Frederick, Md.-based CalvertHealth Medical Center, Bethesda, Md.-based Aisthesis Partners in Anesthesia Care and Exeter (N.H.) Hospital.

Vascular Institute of Chattanooga (Tenn.) opened a new clinic in Cleveland, Tenn.

Southeast Regional Surgery Center is moving forward with a single-specialty ASC in Columbus, Ga.

More articles on transactions/valuation:
Where a Kansas ASC plans to invest for future growth: Q&A with Director Sonja Clapp
Orthopedist salaries, USPI revenue & more: 5 must-read articles for ASC administrators
5 key traits of effective ASC administrators

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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