Tag: joint ventures

Bain Capital seeks full acquisition of Surgery Partners amid growing private equity interest in healthcare

Editor's Note Bain Capital Private Equity put forward a proposal to acquire all remaining shares of Surgery Partners, an ambulatory surgery center (ASC) operator in which Bain Capital already holds a 39% stake, Modern Healthcare January 28 reports. According to a filing with the US Securities and Exchange Commission, the…

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By: Tarsilla Moura
January 29, 2025
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Health system leader survey respondents brace for 2025 shifts

Editor's Note Health system leaders expect to face mounting physician challenges, shifting reimbursement models, and new growth opportunities throughout this year, according to VMG Health’s Health System Leader Expectations survey. Based on responses from 73 health system leaders, the report highlights the sector’s key trends and priorities for 2025. Key…

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By: Matt Danford
January 27, 2025
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Private Equity fuels growth of hospital-owned ASCs amidst rising demand, regulatory loopholes

Editor's Note Private equity investment in hospital-owned ambulatory surgery centers (ASCs) is rising as hospitals seek expansion capital and private equity firms look for profitable partnerships in a growing sector, Modern Healthcare November 4 reports. ASCs have become popular due to their lower costs compared to hospitals, which makes them…

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By: Tarsilla Moura
November 6, 2024
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ChristianaCare, Atlas Healthcare form joint venture to expand ASC network

Editor's Note ChristianaCare, a health system in Delaware, is partnering with Atlas Healthcare Partners to develop a new network of ambulatory surgery centers (ASCs) in Delaware and the mid-Atlantic region, Hospital Management August 14 reports. The partnership will be overseen by a joint board with representatives from both ChristianaCare and…

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By: Tarsilla Moura
September 18, 2024
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Health systems accelerate ASC partnerships amid shift to outpatient care

Editor's Note As healthcare continues to transition from inpatient to outpatient settings, large health systems are increasingly forming partnerships and joint ventures to develop and manage ambulatory surgery centers (ASCs), Becker’s ASC Review August 16 reports. Per the outlet, health systems have historically been hesitant to embrace ASCs due to…

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By: Tarsilla Moura
August 21, 2024
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Trends in ASC industry as highlighted by one expert

Editor's Note As outpatient surgery continues to gain popularity and the need to cut costs persists, Becker’s ASC Review sat down with Jim Freund, managing partner for Physician Transaction Advisors, to discuss the below three key trends in the ambulatory surgery center (ASC) industry, per Becker’s July 18 article. Number…

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By: Tarsilla Moura
July 24, 2024
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TPG announces investment in Compass Surgical Partners to fuel growth in ASC joint ventures

San Francisco & Raleigh, North Carolina—(BUSINESS WIRE)—TPG (NASDAQ:TPG), a leading global alternative asset management firm, today announced a significant strategic investment in Compass Surgical Partners (“Compass” or the “Company”), an independent full-service ambulatory surgery center (ASC) development and management partner. TPG Growth, the firm’s middle market and growth equity platform,…

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By: Tarsilla Moura
January 30, 2024
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More executives considering ASC joint ventures

Editor's Note A survey of health system executives published January 4 by VMG Health finds that an increasing number are planning to expand into joint ventures with ambulatory surgery centers as they look to move more services from inpatient to outpatient facilities. The survey included 141 health system executives, including…

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By: Brita Belli
January 8, 2024
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August is National ASC Month: Supporting the ASC industry

Editor's Note According to the Ambulatory Surgery Center Association (ASCA), every August,  ambulatory surgery centers (ASCs) promote awareness of how they "have transformed the outpatient experience" by educating key policy and decision makers as well as the public on the many benefits ASCs provide. To participate in this month's celebration,…

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By: Lindsay Botts
August 4, 2023
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ASC joint ventures: 'To be, or not to be'

With healthcare costs continuing to rise, hospitals, payers, and patients are looking for different venues for care and ways to cut costs while maintaining quality and safety. As more surgical procedures are safely performed in outpatient settings, more ambulatory surgery centers (ASCs) are being built or restructured. Partnerships between hospitals…

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By: Uyen Vo, BSN, MBA
June 21, 2023
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