Here are five private equity-backed ASC-focused companies making waves in the surgery center space:
AmSurg
ASC operator and physician services company Envision has filed for Chapter 11 bankruptcy, restructuring to deal with $7 billion in outstanding debt. Under the restructuring agreement, AmSurg, which is backed by private equity firm KKR, will buy all ASCs held by Envision for $300 million.
Compass Surgical Partners
Cincinnati-based Bon Secours Mercy Health and Compass Surgical Partners, which is backed by KKR, are partnering to grow outpatient surgical care.
GI Alliance
In September, GI Alliance finalized its physician-led buyout facilitated by a $785 million investment from private equity firm Apollo Hybrid Value.
Surgery Partners
Surgery Partners, backed by Bain Capital Private Equity, has formed a strategic partnership with Dallas-based Methodist Health System, its third in 2023, following its partnerships with Salt Lake City-based Intermountain Health and Columbus-based Ohio Health earlier this year.
United Digestive
United Digestive, which is backed by private equity firm Kohlberg & Company, has added Medtronic's GI Genius artificial intelligence endoscopy module to all 22 of its managed ASCs.