Although private equity deal activity in the ASC industry has remained relatively consistent over the last six years, investors have changed their spending patterns in response to the changing scope of care, according to a report by healthcare finance company VMG Health.  

ASC chains are looking to higher-acuity procedures over other growth strategies to facilitate revenue boosts, according to VMG Health's 2023 mergers and acquisitions report released March 21. 

Physician group deals remained at elevated levels throughout 2022, according to VMG Health's 2023 mergers and acquisitions report released March 21. 

Phoenix-based Banner Health has sold a medical office building in Peoria, Ariz., for $29 million to healthcare property manager Montecito Medical Real Estate, according to a March 17 report from Phoenix Business Journal. 

More than 108,700 physicians shifted to employment from 2019 to 2021, according to an April report from Avalere, and some leaders are concerned about how this is shifting care delivery. 

Becker's has covered at least eight major health systems that have reported million-dollar losses in the last month. 

Woodside Health has acquired two medical office buildings totaling 80,000 square feet in Suwanee, Ga., according to a March 10 report from Commercial Property Executive.

Surgery Partners spent just under $250 million to acquire ASCs last year, and is planning for more in 2023.

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McLaren St. Luke's in Maumee, Ohio, said it will cease all outpatient services by mid-May. 

Dallas-based Tenet Healthcare, parent company of ASC chain United Surgical Partners International, is focusing on ASCs to fuel its growth. 

A medical office portfolio housing a 15-physician practice has sold for $20 million, the acquisition's seller, Capital Real Estate Group's U.S. Healthcare Investment Sales practice said in a March 6 news release shared with Becker's. 

VillageMD, a company majority owned by Walgreens, has acquired a 30-location physician group. 

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Dallas-based United Surgical Partners International, Nashville, Tenn.-based HCA Healthcare, Deerfield, Ill.-based SCA Health and Brentwood, Tenn.-based Surgery Partners are four of the largest ASC operators in the country. 

A medical office building in Upper Macungie Township, Pa., was sold for $69.58 million, The Morning Call reported March 1.

Dallas-based United Surgical Partners International, the largest ASC chain in the U.S. and subsidiary of Tenet Healthcare, employs more than 11,000 physicians. 

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Here are the four biggest deals in February that ASCs need to know:

Ground has been broken on a 60,000-square-foot medical office building — the Frisco Medical Pavilion II, in Frisco, Texas, according to a Feb. 23 report from REJournals.