Here are four updates to note on ASC management companies.
SunTrust lowered Deerfield, Ill.-based Surgical Care Affiliates shares from a "buy" to a "hold" rating. During the trading session last week, SCA shares had an intraday low of $56.54 and an intraday high of $56.79.
Dallas-based Tenet Healthcare is seeking to further refine its hospital operations portfolio by selling hospitals in noncore markets. At the J.P. Morgan Healthcare Conference last week, Tenet Chairman and CEO Trevor Fetter Proposed Athens Surgery Center becomes reality: 5 things to know the company's move works in tandem with its long-term strategy of increasing the percentage of markets where the company has the leading or second-place market share.
During the third quarter of fiscal year 2016, Teachers Advisors bought 5,487 shares of Nashville, Tenn.-based AmSurg. The purchase ups Teachers Advisors' stake in AmSurg by 0.8 percent.
Twelve research firms gave Nashville, Tenn.-based AmSurg shares a "buy" rating in January 2017. Firms covering the shares have a one-year price target of $87.88.
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.