UnitedHealth Group pushes back expiration date on SCA offer exchange; Medical Facilities Corp. increases surgical volume by 7.6% in FY 2016 & more — 5 notes

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Here are five updates on ASC management companies from the past week.

Toronto-based Medical Facilities Corp. increased its surgical case volume by 7.6 percent, which contributed to its fiscal year 2016 revenue of $339.5 million.

Nashville, Tenn.-based AmSurg teamed up with Healthcare Bluebook, a website that lists healthcare providers’ quality and cost information. The new partnership between AmSurg and Healthcare Bluebook provides a marketplace comparison tool for Nashville healthcare consumers that could help residents save around $50 million annually by shifting their care to the lower cost setting.

Hopkins, Minn.-based UnitedHealth Group extended the expiration date on its exchange offer for Deerfield, Ill.-based Surgical Care Affiliates’ outstanding shares to March 24, 2017.The offer was originally set to expire on March 21, 2017.

Zacks upgraded Nashville, Tenn.-based Surgery Partners shares from a “hold” to a “buy” rating during the week of March 20 to March 24, 2017.  Surgery Partners has a one-year low of $11.76 and one-year high of $22.85.

Dallas-based Tenet Healthcare Corp.’s hospital segment had net operating revenue of $4.14 billion for the fourth quarter of FY 2016.

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:
2 Oregon health systems fight legislation allowing 24-hour stays at ASCs: 4 things to know
Medical Facilities Corp. shares rally 8.3% — 5 facts
NYU Langone Medical Center seeks CON approval for $32.9M ASC: 4 key points

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