South Bend, Ind.-based Beacon Health System will acquire 35 outpatient clinics and an ASC from Ascension Michigan, a division of St. Louis-based Ascension Health, according to an April 3 report from the South Bend Tribune. Beacon will also acquire four hospitals, in total gaining more than 2,700 associates, including 261 providers. Ascension is planning an […]
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Tallahassee Primary Care Associates is closing after nearly 30 years, WFSU Public Media reported April 1. The closure will take effect April 25, according to the report. In January, the practice announced that “select physicians” would be departing, and that other departures and service line closures would also potentially take place. In an open letter […]
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Independent ASCs are under growing pressure as reimbursement fails to keep pace with rising operational costs, staffing shortages and mounting administrative burdens. In response to these challenges, Gregg Gordon launched Surgical Solutions IPA in 2024, one of the country’s first independent practice associations built solely for ASCs. Based in New York City, SSIPA works to […]
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Here are 12 financial notes from three of the biggest ASC operators, pulled from their most recent financial reports: United Surgical Partners International (Dallas) 1. USPI reported $4.5 billion in net operating revenues for 2024, a 15.4% increase from $3.9 billion in 2023. 2. USPI’s net operating revenues for the fourth quarter of 2024 reached […]
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On April 1, Los Angeles-based Prospect Medical Holdings was scheduled to present a proposed purchase agreement for a consortium to acquire Upland, Pa.-based Crozer Health — but the meeting was rescheduled, Daily Times reported April 1. Prospect asked U.S. Bankruptcy Court Chief Justice Stacey Jernigan to move the hearing to 3:30 p.m. local time on […]
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Here are five major hospital and health system deals since March 1: 1. Prime Healthcare acquires eight Ascension hospitals in Illinois Ontario, Calif.-based Prime Healthcare has completed its acquisition of eight hospitals and two ASCs in Illinois from St. Louis-based Ascension. Prime signed an asset purchase agreement in July 2024 and received approval from the […]
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In response to growing challenges facing independent ASCs, healthcare consultant Gregg Gordon launched Surgical Solutions IPA, one of the nation’s first independent practice associations dedicated exclusively to ASCs, in 2024. The New York City-based organization aims to bring together independent ASCs to improve negotiating leverage with payers, reduce administrative overhead and ultimately lower the total […]
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Orthopedic procedures had the highest average net revenue per case at ASCs in 2024, according to HST Pathways’ latest “State of the Industry Report.” Here is a breakdown of the average net revenue per case by specialty:
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Here are 10 trends within the ASC industry shaping the way that leaders and physicians approach ASC finances in 2025: 1. Physicians still hold majority stakes in most ASCs, according to a March 13 MedPAC report to Congress. Most ASCs are at least partially owned by physicians, maintaining a long-standing trend of clinician investment in […]
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ASCs remained overwhelmingly for-profit in 2023, with 95.3% operating as such, according to a March 13 MedPAC report to Congress. Here are three more insights into the shifting landscape of ASC ownership: 1. Physicians still hold majority stakes. Most ASCs are at least partially owned by physicians, maintaining a long-standing trend of clinician investment in […]
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