New legislation, continued CON law controversy and market futures captured the attention of Becker's ASC Review transactions/valuations readers in 2017.
The following are the most popular transactions/valuations stories from Becker's ASC Review this year:
1. Physician-owned hospital bill introduced in Senate: 5 things to know
Sen. James Lankford, R-Okla., introduced legislation in the Senate in May that would improve access to physician-led hospitals. The act would repeal the moratorium on physician-owned hospitals that was enacted in 2010 as part of the Affordable Care Act, and would lift restrictions on forming and expanding physician-owned hospitals, which are often high quality and low cost facilities.
2. 8 trends in healthcare mergers & acquisitions for 2017
Capital One released its annual survey on merger and acquisition activity, illustrating what to expect in 2017. According to the report, 31 percent of executives planned to launch new segments or business lines to drive growth, up from 17 percent in 2016. For seven more trends, click here.
3. Which ASC company has grown the most in 2017?
ASC companies are continuing to expand, acquiring centers and partnering with physicians on de novo ASCs. Becker's ASC Review tracked company growth over the fist eight months of 2017.
4. Illinois ASC to close after health system acquisition, 2 years of $1M+ losses: 5 key notes
Ambulatory Care Center for Excellence in Surgical Services in Danville, Ill., closed at the end of March after two years of losing more than $1 million.
5. Private equity firms target orthopedics and ophthalmology — why?
Orthopedics and ophthalmology are rocking the private equity market. Find out why investors are salivating at their chance to get into this viable marketplace.
6. Georgia Supreme Court rules against ASC owners; upholds state's CON rule: 4 key points
The Georgia Supreme Court ruled against Cartersville, Ga.-based The Georgia Advanced Surgery Center for Women owners and opted to uphold the state's certificate-of-need legislation.
7. Introducing the ambulatory cardiovascular center
Based on the multitude of positive benefits associated with ASCs, the growth of office-based labs seems to be a logical transition and normal migration for outpatient endovascular care. Find out why here.
8. Increased merger and acquisition activity in the ambulatory surgery center market … What does it all mean?
Merger and acquisition activity in the ASC arena has drastically increased in the past two years. This flurry of activity has left many in the ASC market wondering what this might mean for their centers as well as what it might mean for the broader ASC market in the upcoming years.
9. NC hospital executives speak out after CON repeal bill passes state Senate: 5 things to know
The North Carolina Senate passed a budget proposal including an amendment to repeal the state's certificate-of-need laws, drawing criticism from hospital groups.
10. Baylor Scott & White, USPI purchase majority stake in Texas Spine & Joint Hospital
Dallas-based Baylor Scott & White teamed up with United Surgical Partners International to purchase majority ownership in Tyler-based Texas Spine & Joint Hospital. Read more about the transaction.