Compass Surgical Partners, an independent full-service ambulatory surgery center (ASC) development and management partner, is “marching towards the West.” Raleigh, North Carolina based Compass has developed more than 250 ASCs over the past three decades. It is currently in 13 markets with exclusive health care system partners. In January, Compass formed a joint venture with Baptist Health to launch a network of ASCs branded as Horizon Surgery Center in Northeast Florida, part of a … [Read more...]
ChristianaCare, Atlas Healthcare Partners Join Forces to Develop Major ASC Network
ChristianaCare and Atlas Healthcare Partners are forming a joint venture aimed at developing a network of ambulatory surgery centers (ASCs). The network will span across Delaware, Maryland, New Jersey and Pennsylvania, creating a chain of ASCs for the large health system ChristianaCare. Atlas Healthcare Partners CEO Aric Burke told ASC News that the joint venture expects to develop over 10 centers in the next five years. The JV will operate under a newly formed board comprising … [Read more...]
‘It’s Exciting Stuff’: AMSURG COO Keith Hennegan Discusses the ASC Titan’s Next Chapter, Growth Outlook
It has been a busy summer for AMSURG, one of the largest ambulatory surgery center (ASC) operators in the country. In the past three months, the Nashville, Tennessee-based company, which operates a network of approximately 250 surgery centers nationwide, announced several new joint ventures across a range of specialties in California, Oregon and Nevada. And there are more partnerships in the pipeline, according to AMSURG Chief Operating Officer Keith Hennegan. Hennegan recently … [Read more...]
SurgNet Health Partners Buys Tuscaloosa Endoscopy Center
SurgNet Health Partners Inc., a Nashville-based ambulatory surgery center (ASC) development and management company, has acquired Tuscaloosa Endoscopy Center, a provider of gastrointestinal diagnostic and therapeutic endoscopic procedures in Alabama. The center, which was established 40 years ago, is led by board-certified gastroenterologists Dr. AB Reddy, Dr. Rekha Khurana and Dr. Kartika Reddy. “We could not be more excited to partner with Dr. Reddy and the team at Tuscaloosa Endoscopy … [Read more...]
After Spending $280M, Additional M&A Will Be ‘Icing’ for Surgery Partners
Surgery Partners Inc. (Nasdaq: SGRY) continues to benefit from the shift toward higher-acuity procedures being performed in lower-cost outpatient settings and surgical technology advancements. The increased demand for services linked to America’s rapidly aging population is likewise driving growth for the ambulatory surgery center (ASC) operator. “We expect that March [toward higher-acuity procedures] to continue,” Surgery Partners CEO Eric Evans said Tuesday during the company’s Q2 2024 … [Read more...]
National Anesthesiologist Shortage: Causes, Solutions and Strategies for ASC Operators
The United States is currently experiencing a significant shortage of anesthesiologists, due to an aging workforce, increased demand for surgical procedures and burnout among existing practitioners. The American Society of Anesthesiologists (ASA) has reported that the percentage of facilities with anesthesia staffing shortages has increased dramatically, from 35% in early 2020 to 78% in late 2022. Projections indicate that by 2036, the U.S. could face a shortfall of up to 86,000 … [Read more...]
AMSURG Acquires Stake in River Road Surgery Center
AMSURG, a provider of ambulatory surgery center services, has acquired an ownership interest in River Road Surgery Center, an outpatient surgery center in Salem, Oregon. The facility is multi-use, AMSURG executives told ASC News, though it has a focus on ear, nose and throat (ENT) procedures. “The outstanding team at River Road Surgery Center offers an opportunity to further AMSURG’s support for multi-use surgery centers,” John Lamberth, senior vice president of development at AMSURG, … [Read more...]
Cardiovascular Logistics Appoints Kristen Richards as VP of Ambulatory Care
Cardiovascular Logistics has named Kristen Richards as vice president of ambulatory care, aiming to enhance support for its cardiac catheterization labs, ambulatory surgery centers (ASCs) and office-based labs (OBLs). Richards, with over 20 years of health care experience, previously served as VP of cardiovascular operations at Atlas Healthcare Partners. “ASCs need to ensure they have the right staff, technology and accreditation to perform [cardiac] procedures safely,” Richards told ASC … [Read more...]
4 Surgical Procedures Gaining Momentum in the Outpatient Setting
The trend of moving medical procedures from hospitals to outpatient settings is picking up speed in almost every realm of health care. Driven by advancements in medical technology, changes in reimbursement policies, and patients looking for less invasive and more cost-effective care options, ambulatory surgery center (ASC) operators are at a unique precipice with the opportunity to expand their care networks. Cardiovascular procedures have seen a significant increase in being performed … [Read more...]
Community Health Systems Reports Record Surgical Volumes, Boosts Ambulatory Surgery Market Outlook
Community Health Systems Inc. (NYSE: CYH) continues to see an increase in surgery volumes, partly driven by outpatient procedures, including those taking place at the organization’s ambulatory surgery centers (ASCs). In fact, the second quarter of 2024 saw record surgical volumes at Community Health Systems. “We were pleased to see same-store surgical volumes reaching yet [another] new high in the second quarter this year,” CEO Tim Hingtgen said during the company’s Q2 2024 earnings … [Read more...]