Category: ASC Transactions and Valuation Issues

In July 2023, medical staffing company American Physician Partners announced that it would close and transition its hospital contracts.

Hospitals continue to look to ASCs as outpatient surgery becomes more popular and the need to cut costs grows. 

Optum earned $62.9 billion in total revenue in the second quarter of 2024 — an increase of 11.7% year over year, according to the company’s financial report. 

In June, Walgreens announced plans to reduce its stake in primary care clinic chain VillageMD and to shutter underperforming stores in the next few years. 

Dallas-based Steward Health Care, which filed for bankruptcy May 6, is under criminal investigation by federal prosecutors. 

Healthcare management company Excel Health has acquired Journey Surgery Center in Aliso Viejo, Calif. 

Sedalia, Mo.-based Bothwell Regional Health Center has purchased a medical office building that formerly housed the Women’s Health and Surgical Center, according to a July 15 report from KSIS Radio.

A single-tenant medical office building in Montrose, Colo., has sold for $2.5 million, according to a July 15 report from REBusiness Online.

After UnitedHealth Group, parent company of Optum, reached 90,000 affiliated physicians at the end of 2023, it became the largest employer of physicians in the U.S. — sparking industrywide discussions of the risks of consolidation and monopolies. While…

Facing increasing obstacles to access economies of scale, including rising practice costs and decreasing reimbursement, physician groups are increasingly consolidating.