AMSURG has acquired Pinnacle Surgery Center, expanding its footprint in the Louisiana market. Financial terms of the deal were not disclosed. The transaction is the latest deal for the Nashville, Tennessee-based AMSURG, the ambulatory surgery center (ASC) management company with a network of more than 250 centers across the U.S. Prior to Pinnacle, AMSURG’s recent deals included its moves to acquire an ownership interest in Texarkana Surgery Center at the start of 2025 and its purchase of … [Read more...]
ASC Executives Divided on Payer Outlook for 2025
Ambulatory surgery center (ASC) industry insiders are mixed when it comes to the 2025 reimbursement landscape. ASCs typically receive reimbursement from a mix of public and private payers. Payer sources include fee-for-service Medicare and Medicare Advantage (MA), for instance, but also commercial insurance, Medicaid and self-pay. This payer landscape has been steadily evolving in recent years, both in terms of volume and rate dynamics. The U.S. Center for Medicare & Medicaid … [Read more...]
From Budget Bleed to Burnout: The Top ASC Challenges Defining 2025
Rising operational costs and staffing constraints are two of the most pressing challenges for ambulatory surgery centers (ASCs) in 2025, new survey findings from Ambulatory Surgery Center News suggest. Other pain points include anesthesiology, reimbursement rates and market consolidation, according to the survey. To better understand current trends and challenges in the ASC space, ASC News conducted a survey of professionals across a range of roles in the industry at the beginning of 2025. … [Read more...]
The States, Cities with the Most High-Performing Ambulatory Surgery Centers
There are thousands of high-performing ambulatory surgery centers (ASCs) operating across the United States. But some cities and states have far more high-performing ASCs than others, a new industry ranking from U.S. News & World Report suggests. U.S. News & World Report released its Best Ambulatory Surgery Centers ratings for 2025 on Tuesday. To compile its list of top ASCs, the organization evaluated 4,357 surgery centers in four specialty areas: colonoscopy and endoscopy, … [Read more...]
When It Comes to Site-Neutral Payments, ASCs Could Become Important ‘Solution to the Problem’
For years, ambulatory surgery centers (ASCs) have operated at a reimbursement disadvantage compared to hospital outpatient departments (HOPDs) and other – often costlier – health care settings. Yet a growing push for site-neutral payments could soon level the playing field, potentially reshaping the financial landscape for ASCs, hospitals and payers alike. And Brentwood, Tennessee-based Surgery Partners (Nasdaq: SGRY) is embracing the movement wholeheartedly, according to CEO Eric … [Read more...]
Surgery Partners Cashing In on Orthopedics Boom, Ramping Up De Novo Development
Following a go-private proposal from Bain Capital Private Equity and other sales-process rumors that began last year, ambulatory surgery center (ASC) industry insiders have been following Surgery Partners Inc. (Nasdaq: SGRY) very closely. Amid the noise, the Surgery Partners leadership team is sticking to its playbook: organic growth, margin improvement and strategic M&A. It’s a strategy that drove the Brentwood, Tennessee-based company to cross $3 billion in revenue for the first time in … [Read more...]
Legislation Blocking Medicare Cuts to Physician Reimbursement Back on the Table
Legislation to block cuts to Medicare payments for physicians is back on the table. On Jan. 31, U.S. Rep. Greg Murphy, who has a background as a medical doctor, reintroduced the bipartisan “Medicare Patient Access and Practice Stabilization Act.” A 2024 version of the bill was previously introduced in October. "Physicians in America are facing unprecedented financial viability challenges due to continued Medicare cuts,” Murphy, a Republican from North Carolina, said in a statement. “Access … [Read more...]
ASCQC Rolls Out New Tool to Help Surgery Centers with Quality Control, Payer Talks
The ASC Quality Collaboration (ASCQC) has released its ASC Safety & Quality Assessment tool. ASCQC is an organization focused on advancing patient safety and quality of care in ambulatory surgery centers (ASCs). It officially announced the release of the new tool on Feb. 3. The ASC Safety & Quality Assessment is a free online survey that surgery centers can use to “benchmark themselves against key attributes that help define a safe, high-quality site of ambulatory surgical care,” … [Read more...]
Bain Capital’s Go-Private Surgery Partners Bid Seen as ‘Low,’ Not Reflective of ASC Market’s Upside
Surgery Partners has confirmed it received a non-binding acquisition proposal from Bain Capital Private Equity. The proposal was delivered to ambulatory surgery center (ASC) giant Surgery Partners on Jan. 27. In it, Bain Capital proposed to buy all of the outstanding shares of Surgery Partners it doesn’t already own for a cash consideration of $25.75 per share. Bain Capital and its affiliates own about 39% of Surgery Partners’ common stock. Moving forward, a special committee of … [Read more...]
Bain Capital Private Equity Looking to Buy Out Surgery Partners
Surgery Partners (Nasdaq: SGRY) has been exploring a possible sale since at least July, according to multiple news reports. Now, the surgical services giant appears to have a proposal on the table. On Monday evening, Bain Capital Private Equity reached out to the Surgery Partners board with a non-binding proposal to acquire all of the company’s stock it does not already own for $25.75 per share. The proposal was documented via public financial filings with the U.S. Securities and Exchange … [Read more...]