Here are six updates on ASC management companies from the past week.
AmSurg and Envision Healthcare Holdings signed a definitive merger agreement, with the combined company having a pro forma market cap of nearly $10 billion. The combined entity, Envision Healthcare Corporation, will have an enterprise value of approximately $15 billion, based on Envision and AmSurg's closing price on June 14.
Surgical Care Affiliates established its inaugural Physician Advisory Board, composed of six board members. The board members will offer guidance and industry expertise to enhance patient care and serve SCA's physicians. The board members include Bart Asner, MD; Robert S. Bray, MD; Norman H. Chenven, MD; Thomas M. Deas, Jr., MD; Stefan W. Kreuzer, MD; and Daniel Murrey, MD.
SCA partnered with Naperville (Ill.) Surgical Centre, a joint venture between Advocate Health Care and DuPage Medical Group. In 2015, Advocate and SCA entered a joint venture agreement to acquire and develop a surgery center network, paving the way for SCA's partnership with Naperville Surgical Centre.
Hospital Corporation of America shares fell 2.7 percent, trading at $77.43 per share during the week of June 13 to June 17.
In May, Surgery Partners' shares registered a 29.8 percent decrease in short interest. The company has a market cap of $750.73 million.
During the week of June 13 to June 17, Tenet Healthcare shares traded down 6 percent, hitting $27.16 per share.
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.
More articles on surgery centers:
AmSurg, Envision Healthcare consider $9B merger; SCA partners with Grove Place Surgery Center & more — 7 key notes on ASC companies
ASD Management celebrates 20 years in business — Robert Zasa looks back on ASC industry evolution
3 new joint venture ASCs — May/June 2016