ASC Transactions & Valuation Issues
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ASCs in 2023: A Year in Review
The ambulatory surgery center (ASC) sector continued to evolve in 2023, reflecting a trend of steady growth, higher-acuity cases, and some changing regulations. 2023 featured continued consolidation through a combination of investment by prominent ASC platforms and acquisitions made by new entrants in the market. -
$2.4B+ worth of healthcare deals to know
Here are five healthcare partnerships, acquisitions and mergers that ASC leaders should know, as reported by Becker's since Jan. 30: -
USPI vs. Optum vs. HCA Healthcare: 14 financial notes
Here is a rundown of how United Surgical Partners International, HCA Healthcare and Optum fared financially in 2023: -
NYU Langone buys $33M Florida building for medical office
New York City-based NYU Langone has paid $33 million for a property in West Palm Beach, Fla., where it plans to build a medical office building, according to a Feb. 10 report from the Palm Beach Post. -
Tenet enters 'new era' driven by USPI growth
Tenet Healthcare's ASC chain, Dallas-based United Surgical Partners International, continues to spur the company's growth, according to a Feb. 8 earnings call transcribed by Seeking Alpha. -
The acquisitions shaping the ASC industry
Here are two big-ticket acquisitions pointing toward further consolidation within the ASC industry: -
New Jersey ASC, orthopedic practice building acquired for $10.5M
Kings Row Medical Properties has acquired a medical building with two ASCs in Bridgewater, N.J., for $10.5 million, Bnn reported Feb. 8. -
USPI brings in $3.9B in 2023: What to know
Tenet's ambulatory business segment United Surgical Partners International saw big growth throughout 2023. -
Tenet rakes in $5.4B in Q4: What to know
Tenet Healthcare saw major growth in the fourth quarter of 2023. -
What growth looks like for Optum — and how ASCs fit in
Optum, the country's largest employer of physicians and parent company of ASC chain SCA Health, is focusing on a different type of growth: hiring employees instead of building facilities. -
Tenet's sell-off strategy
Tenet Healthcare, parent company of ASC chain United Surgical Partners International, has sold off several assets since the beginning of the year, including seven hospitals and three ASCs. -
The Tenet, HCA & Optum deals shifting the ASC industry in 2024
Here are four major deals from three of the largest ASC operators in the country so far in 2024: -
UC Irvine set to acquire 2 Tenet ASCs
Orange, Calif.-based UCI Health entered into a definitive agreement to acquire Dallas-based Tenet Healthcare's Pacific Coast Network, which consists of four hospitals and two ASCs across Southern California. -
Tenet $2.4B sale of hospitals finalized, ASCs remain USPI-operated
Tenet Healthcare, parent company of ASC chain United Surgical Partners International, has finalized the sale of three hospitals in South Carolina to Winston-Salem, N.C.-based Novant Health for $2.4 billion. -
HCA nets $5.2B in 2023, names CFO: 5 notes
Nashville, Tenn.-based HCA Healthcare rounded out 2023 with fourth-quarter net income totaling $1.61 billion, a decrease of 26% year over year. -
Virginia medical office building sold for $5.4M
Healthcare real estate firm Flagship Healthcare Properties has acquired a medical office building in Mechanicsville, Va., for $5.4 million, according to a Jan. 30 report from Richmond BizSense. -
Optum's growth boom: A breakdown
Optum, parent company of ASC chain SCA Health, is the country's largest employer of physicians, with a portfolio of 90,000 affiliated. -
Physician-owned hospital to close campus
Port Arthur-based Medical Center of Southeast Texas, an affiliate of Dallas-based Steward Health Care, will close its campus in Beaumont Feb. 2. -
5 healthcare deals ASCs are eyeing
Here are five healthcare partnerships, acquisitions and mergers that ASCs should know, as reported by Becker's since Jan. 12: -
FTC sues Novant Health to block $320M acquisition, new ASC build
The Federal Trade Commission has sued Charlotte, N.C.-based Novant Health to block its $320 million bid to purchase two area hospitals and build a new ASC in Mooresville, N.C., according to a Jan. 25 report from The Charlotte Observer.
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