AmSurg, Envision Healthcare consider $9B merger; SCA partners with Grove Place Surgery Center & more — 7 key notes on ASC companies

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

Envision Healthcare and AmSurg are discussing a pending deal which would create a more than $9 billion entity. A source familiar with the merger matter said the companies may announce a deal as early as next week, and AmSurg and Envision are in the advanced discussion stages. The deal is not set in stone as the discussions could fade before both companies reach an agreement.

Vero Beach, Fla.-based Grove Place Surgery Center's physician members selected Surgical Care Affiliates to become a partner in the center. As of March 31, 2016, SCA was in partnership with more than 190 Florida physicians.

During the first quarter, Nobilis Health reported $21.2 million in long-term debt, $17.9 million in accounts payable and $14.4 million of accrued liabilities. Total shareholder equity as of March 31 was $129.2 million.

Tenet Healthcare had a net loss of $59 million, or $0.60 per share, compared to a net income loss of $47 million, or $0.47 per share, in the first quarter last year.

Tenet shares traded down 0.03 percent during the week of June 6 to June 10, hitting $28.90 per share.

Planetree selected Tampa, Fla.-based Laser Spine Institute to participate in its patient-centered outcomes research project, as a part of the Patient-Centered Outcomes Research Institute's $249,000 Eugene Washington PCORI Engagement Award. Laser Spine Institute operates regional surgery centers in Scottsdale, Ariz.; Tampa, Fla.; Philadelphia; Oklahoma City; Cleveland; St. Louis and Cincinnati.

During the week of June 6 to June 10, Hospital Corporation of America shares traded at $79.55 per share, up 1.8 percent.

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:
Hendrick Health System, Brownwood break ground on $5.2 million ASC: 4 key points
Kernersville Outpatient Surgery to face off against 3 competitors: 7 things to know
Northpointe Surgical Suites to open in Ohio: 5 notes

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months