ASC Transactions & Valuation Issues
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Why Walmart, Amazon, Walgreens & CVS are struggling to break into healthcare
Walmart and other retail companies' efforts to use a big box formula in healthcare have not gone as planned, The Wall Street Journal reported July 5. -
Ascension's sell-off strategy hits Illinois
St. Louis-based Ascension saw a $3 billion operating loss in fiscal 2023 and has since taken action to sell a number of facilities across the country to recover. -
Humana taking over Walmart clinics: What ASCs need to know
Humana plans to open primary care clinics at 23 locations that formerly housed Walmart Health. -
The ASC algorithm driving Tenet's growth
Tenet Healthcare's ASC arm United Surgical Partners International has seen skyrocketing growth in the last five years, becoming the largest ASC chain in the U.S.by number of centers and physicians. -
USPI inks deal with Florida orthopedic group
ASC chain United Surgical Partners International inked a partnership with the Tampa-based Florida Orthopedic Institute in the second quarter of 2024, according to parent company Tenet Healthcare's July 23 second quarter earnings call transcribed by Seeking Alpha. -
USPI quietly buys Covenant Physician Partners: Report
ASC giant United Surgical Partners International, owned by Tenet Healthcare, quietly purchased Covenant Physician Partners in the first quarter of 2024, ION Analytics reported in April. -
ASCs a 'top capital priority' for Tenet
Tenet Healthcare's ASC powerhouse United Surgical Partners International is a "top capital priority," CEO Saum Sutaria, MD, said July 23 during the company's second quarter earnings call transcribed by Seeking Alpha. -
USPI revenue hits $1.1B in Q2
Dallas-based United Surgical Partners International, Tenet Healthcare's ASC business, second quarter revenue hit $1.14 billion, a 21.1% increase from the same quarter last year. -
3 disruptors leading the battle to acquire physicians
Here are three of the biggest healthcare disruptors in the race to acquire physicians: -
South Carolina medical office building sells for $4M
A medical office building in Aiken, S.C., has sold for $4.125 million, according to a July 22 report from the Aiken Standard. -
Indiana medical office building sells for $2.6M
A 12,750-square-foot medical office building in Lafayette, Ind., has sold for $2.6 million, according to a July 17 report from ConnectCRE. -
A flurry of HCA moves in 2024
Nashville, Tenn.-based HCA Healthcare has inked three major hospital deals and opened two ASCs so far this year. -
Optum's Steward physician group deal sours & 2 more called-off deals
Amid scrutiny from the Federal Trade Commission and other factors, at least three major healthcare deals have been scrapped since December -
1 year since American Physician Partners closed: What's happened since
In July 2023, medical staffing company American Physician Partners announced that it would close and transition its hospital contracts. -
Hospitals 'forced to embrace' ASCs in mad dash for outpatient surgery
Hospitals continue to look to ASCs as outpatient surgery becomes more popular and the need to cut costs grows. -
Optum posts $63B in Q2 revenue
Optum earned $62.9 billion in total revenue in the second quarter of 2024 — an increase of 11.7% year over year, according to the company's financial report. -
Walgreens to close more locations, reduce VillageMD stake
In June, Walgreens announced plans to reduce its stake in primary care clinic chain VillageMD and to shutter underperforming stores in the next few years. -
10 things to know about Steward's fraud, corruption investigation
Dallas-based Steward Health Care, which filed for bankruptcy May 6, is under criminal investigation by federal prosecutors. -
Excel Health acquires California ASC
Healthcare management company Excel Health has acquired Journey Surgery Center in Aliso Viejo, Calif. -
Bothwell Regional Health Center purchases medical office building, relocates services
Sedalia, Mo.-based Bothwell Regional Health Center has purchased a medical office building that formerly housed the Women’s Health and Surgical Center, according to a July 15 report from KSIS Radio.
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