Category: ASC Transactions and Valuation Issues

Private equity firm TPG is one of the groups vying against UnitedHealth Group, parent company of Optum, to purchase Brentwood, Tenn.-based ASC operator Surgery Partners, Bloomberg reported Aug. 23.

Here are five major hospital sales in 2024:

A medical office building in Tacoma, Wash., has sold for $32.6 million, according to an Aug. 26 report from The Registry.

UnitedHealth Group, parent company of Optum, is one of the potential buyers of Brentwood, Tenn.-based ASC operator Surgery Partners, Bloomberg reported Aug. 23. 

Here are three states that are primed for or experiencing ASC booms:

Between 2019 and 2023, 65% of acquired physician practices were purchased by private equity. The second-most-prolific acquirers were physician medical groups, which purchased 14% of private practices, according to data from the American Hospital Associ…

Dallas-based Tenet Healthcare’s CEO, Saum Sutaria, MD, sold more than 100,000 shares of his stock in the company, Investing.com reported Aug. 19. 

Chicago-based Ascension Saint Elizabeth will close and be repurposed as a community asset. 

A bankruptcy judge has approved the sale of financially troubled Steward Health Care’s 175-physician group to Nashville, Tenn.-based Rural Healthcare Group, part of private equity firm Kinderhook Industries, for $245 million in cash. 

Large health systems are forming partnerships and joint ventures for the development or management of ASCs as care continues to shift from inpatient to outpatient settings.