Ambulatory surgery centers (ASCs) continue to face swift and significant consolidation trends, which will likely pick up even more in the coming year. Both private equity firms and health systems are intensifying their involvement in the outpatient surgical market, creating new challenges and opportunities for independent ASCs. Smaller, physician-owned ASCs have historically thrived on agility, personalized service and cost efficiency, Todd Currier, CEO and administrator of Bend Surgery … [Read more...]
SCA Health Acquires OrthoAlliance, Expanding Orthopedic Footprint
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...]