Category: ASC Transactions and Valuation Issues

Michael Davis, MD, surgical director and chief of urology at the University of New Mexico Health Sciences Center in Albuquerque, joined Becker’s to evaluate the benefits — and downsides — of the growing trend of consolidation in healthcare.

Orlando (Fla.) Health has purchased another medical office building near its main campus for $7.38 million, according to a May 8 report from local news station WFTV and the Orlando Business Journal. 

Nashville, Tenn.-based HCA Healthcare continues to double down on developing outpatient facilities and increasing outpatient procedure migration, according to an April 21 first-quarter earnings call transcribed by Seeking Alpha. 

Physician practice management services organizations and physician practices or groups will soon be required to send a comprehensive filing for transactions to the state of New York, JDSupra reported May 5. 

Peoria, Ill.-based OSF HealthCare has become the majority investor in Champaign, Ill.-based ASC Olympian Surgical Suites. 

CVS Health reported $2.1 billion in profit in the first quarter of 2023, according to the company’s earnings, posted May 3.

As procedures increasingly migrate to the outpatient setting, ASCs continue to grow. 

While ASC giants United Surgical Partners International and SCA Health are seeing huge growth in the last decade, they are not the only companies to keep an eye on. 

Nashville, Tenn.-based Capitol Pain Institute is entering the Minneapolis/St. Paul, Minn., metropolitan market through the acquisition of Edina, Minn.-based Nura Pain Clinics. 

Healthcare services company Surgery Partners spent just under $250 million on ASC acquisitions in 2022, and the company has no plans on slowing its growth in 2023.