Tenet could lose pair of payer contracts & more — 9 ASC company key notes

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

Tenet Healthcare's Memphis, Tenn.-based facilities will no longer be in network for Cigna customers if the companies don't come to an agreement on contract terms.

Birmingham, Ala.-based Brookwood Baptist Health patients could lose in-network insurance coverage at ASCs and hospitals unless Dallas-based Tenet Healthcare and Cigna reach an agreement.

Nashville, Tenn.-based PhyMed Healthcare Group closed a transaction to partner with Phoenix-based Grand Canyon Anesthesia.

A private equity firm bought the Cape Coral (Fla.) Medical Center building. The building houses Cape Coral Surgery Center, a joint venture with Nashville, Tenn.-based Surgery Partners and physician owners, and three other tenants.

Nashville-based Envision Healthcare reached a statewide agreement with Cigna Healthcare of Arizona, ensuring its clinicians remain in-network.

Nashville-based HCA Healthcare took second on IQVIA's list of the country's largest integrated delivery networks, with 1,576 total facilities.

Southlake-based Texas Digestive Disease Consultants closed an investment with Waud Capital Partners Nov. 2, forming a gastroenterology-facing practice management company called The GI Alliance. Read more.

Veritas Capital and Elliott Management are purchasing athenahealth for around $5.7 billion.

Anchor Health Properties acquired a pair of outpatient medical office buildings in the greater Boston area.

More articles on transactions/valuation:
North Carolina approves ASC for Triad Center for Surgery, denies 2 other proposals
3 new GI-driven ASCs and facilities | November 2018
Workers' comp payments lower at ASCs than HOPDs — 5 study findings

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