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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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 […]
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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 […]
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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 […]
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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 […]
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