3 ASC chains poised for growth
Patty Newitt – Thursday, May 4th, 2023
While ASC giants United Surgical Partners International and SCA Health are seeing huge growth in the last decade, they are not the only companies to keep an eye on.
Here are three ASC chains poised for growth:
Surgery Partners
While Brentwood, Tenn.-based Surgery Partners is already one of the largest ASC companies by market share, number of centers and number of physicians, the company has seen huge growth in the last year.
The company spent just under $250 million on ASC acquisitions in 2022 and has inked three huge deals since April 28.
The company acquired Kansas Spine & Specialty Hospital in Wichita, a physician-owned spine, neck and joint hospital. The company also signed a collaboration agreement with Salt Lake City-based Intermountain Health, in which Surgery Partners will take over management of Intermountain’s existing ASCs in Utah and Idaho and will develop more ASCs in other select markets.
Finally, Surgery Partners and Columbus-based OhioHealth formed a new company to grow ASC joint ventures across Ohio.
ValueHealth
As the healthcare industry continues to opt for value-based models over fee for service, ValueHealth continues to grow.
The Leawood, Kan.-based ASC company is focused on value-based surgical offerings. ValueHealth”s reach spans more than 30 states, with more than 3,000 affiliated physicians and more than 50 ASCs.
Last year, Surgery Partners affiliated with ValueHealth to build ASCs and deploy ValueHealth’s value-based surgical programs across its surgery centers. Surgery Partners will manage and assume ValueHealth’s interest in three ASCs and four more in development. Additionally, ValueHealth and NCH Healthcare System are developing a network of ASCs in Southwest Florida with local physicians.
Surgery Center Services of America
Mesa, Ariz.-based Surgery Center Services of America is an ASC development company that has developed more than 350 physician-owned centers in the last 30 years.
In February, Surgery Center Services of America had 12 new ASCs that opened in the last year.
Arizona is an ASC hotbed. In 2021, SCSA President Ron Blair told Becker’s ASC Review that this growth is due in part to Arizona’s ASC history. Many of the new centers are forming from the large inventory of old ASCs that have “run their course.”
Read this article on Becker’s ASC Review.
2 Arizona ASC chains plan big national expansions
Laura Dyrda – Wednesday, May 26th, 2021
Two ASC companies are making a splash nationally with ambitious growth in the next 24 months.
Comprehensive Surgical Services opened its flagship ASC in Gilbert, Ariz., this year and said in April the company partnered with an unnamed real estate firm to add 20 more centers in the next two years. The company said it aims to open facilities in California, Idaho, Oklahoma, Louisiana, Tennessee, Pennsylvania and Florida. The flagship center has three operating rooms and 11 exam rooms. The partners will spend at least $125 million to open the remaining planned centers, ranging from 10,000 to 40,000 square feet.
Comprehensive Surgical Services is owned by Joel Rainwater, MD, an interventional radiology, oncology and vascular care physician. He previously founded Comprehensive Integrated Care, a physician practice with locations in four states focused on heart care.
In May, Mesa, Ariz.-based Surgery Center Services of America announced expansion plans. The company has developed more than 300 ASCs nationwide and said it wants to open 14 more this year. The centers range from one-operating room ophthalmology and cardiology centers to three- and four-OR multispecialty facilities. The new centers are slated to open between July and October with sites across the U.S., including New York, California, Ohio and Arizona.
Surgery Center Services of America works with physicians to develop all aspects of the ASC, including the feasibility assessment, project management, operations, licensure and certification.
Read this article on Becker’s ASC Review.
Note: The formatting of these articles was edited slightly for visual appeal.