UnitedHealth Group pushes back expiration date on SCA offer exchange; Medical Facilities Corp. increases surgical volume by 7.6% in FY 2016 & more — 5 notes

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

Advertisement

Toronto-based Medical Facilities Corp. increased its surgical case volume by 7.6 percent, which contributed to its fiscal year 2016 revenue of $339.5 million.

Nashville, Tenn.-based AmSurg teamed up with Healthcare Bluebook, a website that lists healthcare providers’ quality and cost information. The new partnership between AmSurg and Healthcare Bluebook provides a marketplace comparison tool for Nashville healthcare consumers that could help residents save around $50 million annually by shifting their care to the lower cost setting.

Hopkins, Minn.-based UnitedHealth Group extended the expiration date on its exchange offer for Deerfield, Ill.-based Surgical Care Affiliates’ outstanding shares to March 24, 2017.The offer was originally set to expire on March 21, 2017.

Zacks upgraded Nashville, Tenn.-based Surgery Partners shares from a “hold” to a “buy” rating during the week of March 20 to March 24, 2017.  Surgery Partners has a one-year low of $11.76 and one-year high of $22.85.

Dallas-based Tenet Healthcare Corp.’s hospital segment had net operating revenue of $4.14 billion for the fourth quarter of FY 2016.

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:
2 Oregon health systems fight legislation allowing 24-hour stays at ASCs: 4 things to know
Medical Facilities Corp. shares rally 8.3% — 5 facts
NYU Langone Medical Center seeks CON approval for $32.9M ASC: 4 key points

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

Advertisement

Next Up in ASC Transactions & Valuation Issues

Advertisement

Comments are closed.