Investment/M&A

NYU Langone adds to orthopedic care network NYU Langone Health has expanded its orthopedic care network with the acquisition of Rothman Orthopaedics of Greater New York. Financial terms of the deal were not disclosed. The move integrates three new practice locations into NYU Langone Orthopedics’ extensive outpatient system, further solidifying its reputation for excellence in patient care, education and research. The new locations – NYU Langone Orthopedic Associates in Midtown East, NYU … [Read more...]

One of the most significant, sector-shaping trends in health care is the migration of care out of the traditional hospital and into lower-cost outpatient settings. Ambulatory surgery center (ASC) market growth reflects this idea. In light of this overarching theme of care shifting into non-traditional settings, the ASC industry has entered into a period of rapid change and fast-paced growth that’s certain to extend into 2025. More private equity investors will turn their attention to … [Read more...]

The rise of private equity in ambulatory surgery centers (ASCs) has sparked intense discussion among industry leaders, as PE firms are increasingly investing in ASCs, largely due to the shift of complex procedures from hospitals to outpatient settings.  For operators who want to remain independent, and for those who have concerns about the impact of PE on the health care landscape, the future is full of questions.  “There's good private equities and bad private equities, just like there's … [Read more...]

One of the newer publicly traded health care companies in the U.S., Ardent Health (NYSE: ARDT), is ramping up its ambulatory care M&A activity. The Brentwood, Tennessee-based Ardent announced Friday the acquisition of 18 urgent care clinics across New Mexico and Oklahoma from NextCare Urgent Care. Financial terms of the transaction were not disclosed. “Expanding our urgent care footprint represents significant progress in our mission to create a consumer-focused ecosystem of care in … [Read more...]

As a new year begins, leaders within the ambulatory surgery center (ASC) sector are bullish on growth and focused on the innovations needed to meet rising demand. The needs and expectations of payers and patients are shaping the strategies that executives are pursuing, with the shift to more value-based reimbursement models and the aging population being major tailwinds propelling ASC growth. But headwinds also are blowing, including challenges in attracting and retaining staff, … [Read more...]

SCA Health, the ambulatory surgery center (ASC) arm of Optum, acquired OrthoAlliance, an orthopedic management services organization. The acquisition, effective as of November 1, expands SCA Health’s network in orthopedic and sports medicine services. Optum is the health services business of UnitedHealth Group (NYSE: UHG). “Since its founding in 2019, OrthoAlliance has focused on providing instant access to high-quality, value-based care throughout Ohio, Indiana and Kentucky,” SCA told ASC … [Read more...]

Orthopedic Care Partners (OCP) has a new top executive – and some added financial firepower for him to work with. The Gainesville, Florida-based orthopedic practice management platform announced Thursday that Dr. Tim Corvino is taking the helm as CEO. Corvino is the former CEO of Spire Orthopedic Partners. The same day, OCP announced a growth recapitalization transaction, inclusive of a $185 million hybrid capital raise provided by Brookfield Asset Management through its Brookfield Special … [Read more...]

There’s a new anesthesia practice for one of health care’s largest markets – and it has its sights set on ambulatory surgery centers (ASCs). Mount Sinai and U.S. Anesthesia Partners Inc. on Thursday announced the formation of the new venture, officially branded as Greater New York Anesthesia Services (GNYAS). Moving forward, GNYAS will serve ASCs as well as “select Mount Sinai hospitals in conjunction with the Mount Sinai Department of Anesthesiology, Perioperative and Pain Medicine,” the … [Read more...]

Hospital ambulatory surgery center (ASC) investment activity is surging. That’s according to the soon-to-be-released Annual Hospital Leadership ASC Survey from Avanza Healthcare Strategies. HST Pathways previewed some of the major takeaways from the report in a LinkedIn post on Dec. 4. HST Pathways is a Nashville, Tennessee-based company that provides software and data services for the ASC market. On its end, Avanza Healthcare Strategies provides consulting services to hospitals, ASCs and … [Read more...]

You can often take the pulse of any industry by analyzing the words of its leaders. And while there were plenty of interesting quotes from ambulatory surgery center (ASC) leaders in our reporting this year, a few stood out for their thoughtfulness, candor and relevance. From pricing transparency and strategic partnerships, to navigating compliance and the growing shift towards high-acuity procedures, these quotes capture the essence of the challenges and opportunities facing ASCs … [Read more...]