Category: ASC Transactions and Valuation Issues

Surgery Partners reported increased net income for the second quarter of 2023 and raised its full year adjusted EBITDA guidance.

Orlando (Fla.) Health has expanded in the state through a new partnership with Zephyrhills-based Florida Medical Clinic, a multispecialty physician group with 54 locations, 350 providers and 40 medical specialties. 

Here are five numbers to know about trends regarding private practice: 

Tenet Healthcare’s second quarter net income hit $123 million, according to its financial report published July 31. 

A medical office building portfolio spanning two buildings and 192,363 square feet in Fayetteville, Ga., has sold, according to a July 31 report from REBusiness Online.

In March, Marietta, Ga.-based Wellstar Health System and Augusta (Ga.) University Health System signed a 40-year partnership agreement in which Wellstar agreed to provide $800 million to the university over 10 years, with part of the funding going towa…

At the end of the second quarter in 2022, Dallas-based Tenet paid $406 million to acquire Dallas-based Baylor Scott & White Health’s 5 percent equity position in USPI. 

ASC chains have continued to grow over the past few years — here’s how. 

UnitedHealth Group’s Optum, parent company of ASC chain SCA Health, based in Deerfield, Ill., has been on a spending spree, making several massive deals in 2023. Brentwood, Tenn.-based Surgery Partners, meanwhile, spent almost $250 million to acquire A…

While the ASC industry is largely fragmented, five major groups control a solid chunk of the market share, according to the VMG Health’s “2023 Healthcare M&A Report.”