Becker's Healthcare September 26, 2023
Here are three reasons ASCs have closed recently:
1. Management company bankruptcy
Asheville, N.C.-based GenesisCare Surgical Specialists will close after its private equity-backed management company GenesisCare filed for bankruptcy. Patients will receive letters from GenesisCare dated Sept. 18 informing them the practice will close Oct. 20. KKR-backed GenesisCare filed for bankruptcy in Texas Southern Bankruptcy Court on June 1.
2. Low patient volume
In February, the Salem (Ore.) Outpatient Surgery Center closed its doors in response to low patient volumes, putting future plans on hold, according to a news release from the health system. Months later, the...
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