AmSurg leaders hosted a GI Research Summit to develop hypotheses and guidelines for research into the company’s GIQuIC data, which passed 1 million records in February.
Pismo Beach, Calif.-based SurgCenter Development and physician investors partnered to open Grand Rapids Surgical Suites, a 6,600-square-foot ASC in Grand Rapids, Mich. The center offers orthopedic, oculoplastic and otorhinolaryngology surgery.
Dallas-based Tenet Healthcare Corp. reported a double-digit increase in ambulatory net operating revenue during the fourth quarter of fiscal year 2016. Tenet’s ambulatory segment generated $478 million in net revenue, up 20.4 percent from Q4 fiscal year 2015. The segment had an adjusted EBITDA of $183 million, a 15.8 percent, $158 million increase from Q4 2015.
Tenet’s quarterly revenues fell 3.3 percent to $4.86 billion. For the first time in six years the company missed analyst estimates of $4.96 billion. Tenet shares fell 10 percent on the news Feb. 28, 2017.
Greenwood Village, Colo.-based Envision Healthcare Corp. reported its fourth quarter and fiscal year 2016 results, with quarterly revenues of $1.39 billion during its quarterly review. Envision’s ambulatory services division reported $326.7 million in net revenues for Q4. The company’s 2015 Q4 revenues were $326.2 million. Envision’s 2016 EBITDA was $240.1 million, a 6.1 percent increase over 2015.
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:
4 recent ASC acquisitions — February 2017
Grand Rapids Ophthalmology plans several expansions: 4 key notes
Greenville Health System to open ASC in April: 5 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.