Category: ASC Transactions and Valuation Issues

Vancouver, Wash.-based PeaceHealth is planning to acquire four medical clinics from Renton, Wash.-based Providence, according to an Oct. 3 report from The Columbian.

The number of physicians running independent practices is steadily declining amid a growing gap between reimbursements and the escalating costs of maintaining these practices. 

Here are five major transactions in the third quarter significantly reshaping the ASC industry, reflecting broader trends in consolidation and strategic partnerships. 

Independent physicians and ASC operators are closely monitoring the ongoing wave of hospital sales and market consolidation, amid the potential for reduced competition, rising costs and limited referral networks. 

Dallas-based Tenet Healthcare has completed another hospital sale as it continues to look to its ASC arm, United Surgical Partners International, to drive growth. 

A former theater in San Francisco has been sold to an affiliate of several area medical professionals for $4.9 million, according to a Sept. 30 report from the San Francisco Business Times.

Dallas-based Tenet Healthcare has completed the sale of its 70% ownership of five hospitals in Alabama, South Florida Hospital News reported Oct. 1. 

Brentwood, Tenn.-based Surgery Partners, a leading ASC operator, has caught the eye of investors amid consistent growth and rumors of potential buyouts, according to a recent analysis from Seeking Alpha. 

While still a largely independent field, consolidation is on the rise in the ASC industry, with a few major players building out substantial ASC chains. 

Brentwood, Tenn.-based ASC operator Surgery Partners could be the next “hot takeover” of the market, MarketBeat reported Sept. 25.