5 private equity forces dominating the ASC industry

Becker's Healthcare October 17, 2023
Patsy Newitt

Here are five private equity forces driving growth in the ASC industry:

1. KKR

Private equity firm KKR backs ASC chain Covenant Physician Partners. The company also currently backs AmSurg, the ASC chain formerly owned by Envision, but will lose ownership when Envision restructures following a bankruptcy declaration. The company acquired Envision in October 2018 for $9.9 billion and Covenant Physician Partners in 2017.

2. Bain Capital Private Equity

Bain Capital Private Equity backs Brentwood, Tenn.-based ASC chain Surgery Partners. In November, Surgery Partners snagged an $800 million equity offering and Bain participated with...

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