In May, ASC operator and physician services company Envision Healthcare filed for Chapter 11 bankruptcy. As a result of the filing, Envision’s ASCs are set to swap owners.
Category: ASC Transactions and Valuation Issues
SurgNet acquires 2 ASCs
New-to-market ASC management and development company SurgNet Health Partners has acquired two ASCs within its first 45 days of funding: Dearborn, Mich.-based Executive Ambulatory Surgery Center and Warren, Ohio-based Lippy Surgery Center.
Florida medical office building sold for $18.5M
A Coral Gables, Fla.-based medical office building originally constructed in 1954 has sold for $18.5 million, according to an Oct. 20 report from ConnectCRE.
Physician-owned hospitals could save $1B per year
Physician-owned hospitals saved $1.1 billion in 2019 compared to traditional facilities, according to a recent report analyzing the cost of 20 of the most expensive conditions for Medicare patients.
Baylor Scott & White, USPI ASC acquired in Texas
Remedy Medical Properties and Kayne Anderson Real Estate acquired Baylor Scott & White Frisco Medical Center in Texas.
5 healthcare merger and acquisition trends ASCs should know
Mergers, acquisitions and consolidation are a pivotal part of healthcare operations, particularly at ASCs.
Optum nets $56B in Q3: 5 insights
UnitedHealth Group’s Optum division earned $56.7 billion in total revenue in the third quarter of 2023 — an increase of 22% year over year, according to the company’s quarterly financial report.
TriasMD acquires ASC in northern California
TriasMD acquired Pinnacle Surgery Center in Walnut Creek, Calif., according to an Oct. 18 news release.
4 Connecticut ASCs avoid bankruptcy through ownership swap
Four ASCs in Connecticut have been saved from bankruptcy through a change of ownership, Hartford Business reported Oct. 11.
California medical office building sells for $8.8M
A medical office building in Upland, Calif., has sold for $8.8 million, according to an Oct. 13 report from REBusiness Online.
