Surgery center chains have consolidated in the last decade to five mega-companies and a handful of small regional chains with growth prospects simmering.
The ASC market has shifted in the last decade with consolidation between ASC chains and more surgery center development overall, but the percentage of independent surgery centers overall hasn’t drastically shifted.
UnitedHealth Group’s Optum, parent company of ASC chain United Surgical Partners International, is on a spending spree, acquiring more than $10 billion worth of companies in the last year.
Private equity has been the largest acquirer of private physician practices over the last five years, according to 2023 data from the American Hospital Association.