ASCs continue to be concentrated in urban areas, with 93.8% located in cities, according to a March 13 MedPAC report to Congress. Here are three key insights on where ASCs are concentrated — and where they’re seeing the most growth: 1. Rural access remains limited. While rural patients often travel to urban centers for ASC-based […]
The post Where ASCs are growing, and where they’re not appeared first on Becker’s ASC.
An 8,935-square-foot medical office building in Newport Beach, Calif., has sold for $5 million, according to a March 24 report from Connect CRE.
The facility was sold by investment products provider Equity Enterprises and is 62% leased.
It…
Over the last 12 months, several major health systems have begun doubling down on ambulatory care as it has continued to grow in popularity and demonstrate lower costs compared to inpatient hospitals. “Nowadays, patients don’t want to go to the hospital. Hospitals are for sick people. Coming to a clean and efficient ASC is what […]
The post 5 health systems doubling down on ambulatory care appeared first on Becker’s ASC.
A fully leased medical office building and ASC in Grapevine, Texas, has changed hands, according to a March 20 press release published in The Business Press. The building features eight exam and two operating rooms, totaling 17,724 square feet. It was first constructed in 2010. Details were not provided as to what ASC is housed […]
The post Texas ASC building trades hands appeared first on Becker’s ASC.
Brentwood, Tenn.-based Surgery Partners reported a record-breaking $3.1 billion in annual revenue, while Bain Capital’s bid to take the company private underscores private equity’s continued interest in the ASC market, according to a March 17 analysis from VMG Health. Bain’s initial 2017 investment at $19 per share was one of many private equity plays that […]
The post Bain Capital’s bid for Surgery Partners: What it says about PE’s ASC interest appeared first on Becker’s ASC.
Here are 20 deals in the last two years to know involving physician practice and group acquisitions: Private equity-backed groups Amazon Optum CVS Other acquisitions to note:
The post Who’s snapping up physicians? 20 deals to know appeared first on Becker’s ASC.
Lisa Egbert, MD, an OB-GYN, is closing her practice, the Paragon Women’s Center in Centerville, Ohio, due to financial constraints largely driven by reimbursement challenge, Spectrum News 1 reported March 19. Dr. Egbert operated her practice for nearly 30 years, according to the report. But in the last two years, she had stopped taking a […]
The post Ohio physician practice closes due to reimbursement challenges appeared first on Becker’s ASC.
CVS Health is reevaluating its role in healthcare as financial pressures mount. The company, along with other major retailers, is scaling back its healthcare ambitions in response to economic and operational challenges. In 2024, CVS reported total revenues of $173.6 billion for its health services segment, reflecting a 7.1% decline year over year. Fourth-quarter revenue […]
The post What’s going on with CVS Health? appeared first on Becker’s ASC.
As the ASC industry continues to evolve, major players are adapting their strategies to meet market demands, regulatory changes and shifting patient needs. Three of the largest ASC operators — United Surgical Partners International, HCA Healthcare and Surgery Partners — have made significant investments in expanding their networks, focusing on high-acuity procedures and navigating regulatory […]
The post USPI, HCA & Surgery Partners are shaking up their ASC strategy appeared first on Becker’s ASC.
A medical office building in Arlington, Va., has sold for $47 million — 6% less than the property was last traded for in 2021, according to a March 17 report from the Washington Business Journal. The eight-story Arlington Medical Center sold Feb. 10, after most recently selling in 2021 for $50.15 million. Previously, it had […]
The post Inova-occupied Virginia medical office building sells at $3M+ loss appeared first on Becker’s ASC.
