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:

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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

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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