Community Health Systems Inc. (NYSE: CYH) is continuing to build out its ambulatory surgery center (ASC) footprint, opening new facilities and adding ownership stakes in existing centers as it pushes further into outpatient care. The Franklin, Tennessee-based Community Health Systems announced April 20 that its subsidiaries have opened de novo ASCs in Birmingham and Foley, Alabama, and acquired a majority ownership interest in South Anchorage Surgery Center in Anchorage, Alaska. Those moves … [Read more...]
ASC Dealbook: Baptist Health, Compass Expand Florida Network; Atlas Adds Banner Surgery Center
Baptist Health, Compass expand Florida ASC network Baptist Health, Compass Surgical Partners and Coastal Health have partnered with local physicians to operate Middleburg Surgery Center in Jacksonville, Florida. The partnership has taken ownership of an existing 5,500-square-foot multispecialty ambulatory surgery center (ASC) with two operating rooms. The facility supports procedures in orthopedics, urology, otolaryngology, pain management and general surgery. In total, 15 physician … [Read more...]
Community Health Systems Building a More Concentrated Hospital, Outpatient Portfolio
Community Health Systems is reshaping itself around a smaller, more concentrated hospital portfolio. It’s doing so while betting that outpatient growth and commercial-mix gains will carry it forward. The Franklin, Tennessee-based hospital operator – which also owns and operates ambulatory surgery centers (ASCs) – has spent much of the past several years selling off standalone facilities and managing its debt. Now, executives say that Community Health Systems’ pruning phase is largely … [Read more...]
ASC Dealbook: Summit Spine Buys Savannah Pain Management; TriaVision Adds VisionFirst
Summit keeps expanding Summit Spine & Joint Centers has acquired Savannah Pain Management and Savannah Pain Center, adding an interventional pain management practice that includes one clinic and one ambulatory surgery center (ASC) in Savannah, Georgia, according to a Jan. 20 press release. According to Summit, the deal expands the company’s reach in the Southeast and increases its scale in the Savannah market, where it opened its first clinic and ASC in 2023. “We are looking forward to … [Read more...]
Community Health Systems Announces CEO Transition, Positions ASCs as Critical Growth Lever
Community Health Systems (NYSE: CYH) CEO Tim Hingtgen will retire at the end of September, marking a major leadership transition at one of the nation’s largest health care operators – and a key player in the ambulatory surgery center (ASC) space. President and CFO Kevin Hammons will succeed Hingtgen, who cited personal reasons for stepping down after 17 years with the company. “I'll be here until the end of September to support a seamless transition,” Hingtgen said during the company’s … [Read more...]
Community Health Systems Boosts Outpatient Surgery Volumes with 14% Growth in ASC Cases
Community Health Systems (NYSE: CYH) saw a significant boost in outpatient surgical volumes in its fourth quarter. That was largely thanks to ambulatory surgery center (ASC) growth, too, according to CHS CEO Tim Hingtgen.. “We are very well positioned for outpatient surgery, and as a result, same-store ASC cases increased 14% last year,” Hingtgen said during his company’s 2024 fourth-quarter earnings call. The CEO added that CHS ended the year with a total of 47 ambulatory surgery … [Read more...]