Category: ASC Transactions and Valuation Issues

CarePoint files for Chapter 11 bankruptcy: 5 things ASCs need to know

CarePoint Health Systems, based in Jersey City, N.J., filed for Chapter 11 bankruptcy on Nov. 3 to continue operating its facilities while financially restructuring. 

Where 5 ASC giants stand 

Here are the number of ASCs and affiliated physicians at five of the biggest ASC chains in the U.S.:

Florida medical office building sells for $36.79M

A Boca Raton, Fla.-based medical office building has sold for $36.79 million, down from $50 million in its 2021 trade, according to a Nov. 5 report from the South Florida Business Journal.

Major health systems keep offloading hospitals

Massive healthcare sell-offs are impacting ASCs in various markets, including changes in competitive dynamics, reimbursement rates and opportunities for partnerships.

USPI bets big on high-acuity procedures

Dallas-based United Surgical Partners International, Tenet Healthcare’s ASC arm, is emphasizing high-acuity procedures to fuel its expansion.

Physician lawsuit could heat up Novant, Atrium rivalry: 8 things to know

An ophthalmologist’s lawsuit against North Carolina’s Health Department could spur market competition between Winston-Salem-based Novant Health and Charlotte-based Atrium Health, The Herald reported Nov. 4.

Optum vs. Tenet vs. HCA: How ASC strategies are shifting

Optum, Tenet and HCA Healthcare are huge players in the ASC industry with different strategies for growth. 

Missouri medical office building sells for $8.8M

A 22,097-square-foot medical office building in Bridgeton, Mo., has changed hands for $8.8 million, according to a Nov. 5 report from REBusiness Online.

1 year after Envision, AmSurg split: What's happened since

It’s been more than one year since AmSurg officially emerged under new ownership as a separate and independent entity from Envision Healthcare, its former parent company, which filed for Chapter 11 bankruptcy in May 2023. 

Ascension sells 5-hospital system for $450M: What ASCs need to know

St. Louis-based Ascension has sold its St. Vincent’s Health System to The University of Alabama at Birmingham Health System Authority in a deal valued at $450 million, effective Nov. 1.