PRISM Vision Group (PVG), a New Jersey-based eye care services organization, has announced its latest partnership with Friendship Ambulatory Surgery Center in Chevy Chase, Maryland.  The collaboration marks PVG’s seventh ambulatory surgery center (ASC) as the company continues to grow in the DMV (District of Columbia, Maryland, Virginia) area. The Friendship Ambulatory Surgery Center, a 7,000-square-foot facility with four operating rooms, specializes in multi-specialty ophthalmic … [Read more...]

For Tenet Healthcare (NYSE: THC), 2024 has been a “transformative year.” In part, that transformation comes from Tenet making progress on its deleveraging goals by divesting hospital assets, a strategy that will, in turn, free the company up to execute on M&A opportunities and more moving forward. And at the same time, Tenet’s ambulatory surgery center (ASC) business – United Surgical Partners International (USPI) – continues to thrive, propelled by higher-acuity procedures shifting into … [Read more...]

Nashville-based SurgNet Health Partners is looking to expand, especially in underserved markets where there's a need for ambulatory surgery centers (ASCs). Those markets will be critical as part of company’s growth and mission. “We want to be in the states that are underserved,” co-founder and CEO Chase Neal told ASC News. “That's really our focus, and where we're seeing deal activity is more in the Midwest, and the Upper East and the Southeast quadrants right now.” SurgNet Health … [Read more...]

The ambulatory surgery center (ASC) market has been experiencing significant growth, driven by evolving health care delivery models and the increasing need for cost-effective care. In August, large industry players ChristianaCare and Atlas Healthcare Partners formed a joint venture to create a major network of ASCs across Delaware, Maryland, New Jersey and Pennsylvania. The partnership aims to develop over 10 ASCs in the next five years.   And Nashville-based AMSURG, one of the largest ASC … [Read more...]

AMSURG has added another new JV partnership to its 2024 list.  The ambulatory surgery center (ASC) operator in August announced a joint venture with LifeBridge Health and the Woodholme Group to open the EndoCentre of Westminster, an outpatient surgery center specializing in gastroenterology. The center is accredited by the Accreditation Association for Ambulatory Health Care (AAAHC) to provide same-day procedure care, including diagnostic and preventive procedures.  In the past three … [Read more...]

TPG Inc. (Nasdaq: TPG) and UnitedHealth Group (NYSE: UNH) have emerged as potential suitors for ambulatory surgery center (ASC) operating company Surgery Partners (Nasdaq: SGRY). UnitedHealth Group is the parent company of both UnitedHealthcare and Optum, its health care services arm. The health care giant is no stranger to the ASC space, with Optum taking over SCA Health for $2.3 billion in 2017. Meanwhile, TPG is a global alternative asset manager with $229 billion in assets under … [Read more...]

Sutter Health, a not-for-profit health care system based in California, has announced a $380 million investment to establish a new cancer center in Modesto, a part of which will be a new ambulatory surgery center (ASC).  Sutter Health operates hospitals, medical groups, urgent care clinics and serves nearly 3.5 million patients. The ASC, which will be completed by 2029, will be equipped with four operating rooms, four procedure rooms and space for future expansion. Additionally, the center … [Read more...]

Audax Private Equity is selling United Urology Group (UUG) to OneOncology, a national network of leading independent oncology practices. The financial terms of the deal – announced Tuesday – have not been disclosed. The transaction is expected to close by the end of 2024, pending regulatory approvals and customary closing conditions.  “Audax was aligned with our mission and vision to transform urology through continuous innovation and a model that enables access to high-quality value-based … [Read more...]

SAAK Health opens new ASC SAAK Health has opened a new ambulatory surgery center (ASC) in Brookfield, Wisconsin. The center will offer a wide range of minimally invasive procedures, including diagnostic catheterizations and stent placement.  "The new surgery center is designed to provide advanced surgical care, ensuring that our patients receive the best care available close to home,” SAAK Health surgeon Dr. Ramagopal Tumuluri said in a press release. “This event signifies the beginning of a … [Read more...]

Montecito Medical has purchased an ambulatory surgery center (ASC) property in Indiana. Announced on Aug. 13, the transaction adds to the recent M&A activity surrounding ASC operators and facilities. Financial terms of Montecito Medical’s acquisition were not disclosed. “We are excited to add this high-quality ASC asset to our portfolio as we expand our footprint in the Greater Chicago MSA,” Rus Gudnyy, senior vice president of investments at Montecito Medical, said in a company … [Read more...]