Here are five updates on ASC companies from the past week.
Hospital Corporation of America expects its net income to hit $659 million for the first quarter of 2017, down from $694 million in Q1 2016.
Royal Bank of Canada reduced Medical Facilities Corp.'s rating from a "sector outperform" to a "sector perform" rating. The firm has a $19 price target on MFC shares.
The Federation of American Hospitals honored two Dallas-based Tenet Healthcare Corp. executives in March. Tenet Healthcare's Vice Chairman Keith Pitts earned the Mike Bromberg Lifetime Achievement Award for his 40-year tenure in the healthcare industry. The Federation of American Hospitals recognized Marsha Powers, CEO of Tenet Healthcare's eastern region-coastal division, with the Corris Boyd Leadership Award.
Envision Healthcare Corp. had adjusted net earnings of $266.7 million for the fiscal year 2016.
Nobilis Health closed its acquisition of Hamilton Vein Center in Sugar Land, Texas, in March. The company acquired Hamilton Vein Center for around $13.3 million, including $8.3 million in cash and $5 million in the form of convertible note.
If you have a question, issue or note to suggest on an ASC management and development company please contact Mary Rechtoris at mrechtoris@beckershealthcare.com.