Category: ASC Transactions and Valuation Issues

A medical office building in Fairfax, Va., has sold for $7.85 million, according to a Feb. 5 report from CityBiz.

The Connecticut Office of Health Strategy has pushed back against a proposed sale involving Constitution Surgery Alliance, citing concerns over governance and ownership changes affecting multiple ASCs, according to a Jan. 23 letter obtained by Becker’s…

As a new federal government ushers in a wave of policy changes, ASCs are paying close attention to legislative changes and market trends as leaders plan for the years ahead. 

As the ASC industry becomes increasingly consolidated, three ASC leaders shared with Becker’s what they are looking for in mergers and acquisitions.

Ten physician practices or clinics filed for bankruptcy in 2024 — a six-year high — according to a report on Chapter 11 bankruptcy filings from healthcare restructuring advisory firm Gibbins Advisors. 

Advocate Health Care will permanently shutter its 55 in-store clinics located within Walgreens pharmacies in Illinois and Wisconsin, effective Feb. 6.

Physician practice bankruptcy filings hit a six-year high in 2024, according to a report on Chapter 11 bankruptcy filings from healthcare restructuring advisory firm Gibbins Advisors. 

Choice Care Surgery Center, a physician-owned ASC in Midland, Texas, has joined United Surgical Partners International, according to a Jan. 29 news release from Physician Transaction Advisors, which advised the ASC on the transaction.

Nashville, Tenn.-based HCA Healthcare faces challenges expanding its ASC network in states with certificate-of-need laws, CFO Mike Marks said during the health system’s Jan. 24 earnings call.

After several years of “lackluster” deal activity, bankers and private equity advisors recently told The Wall Street Journal that physician practice deals are showing more promise, possibly making space for more PE firms to exit their holdings.