Becker's Healthcare May 7, 2021
ASC administrators are watching market consolidation trends closely and planning their next move.
“As many organizations are reeling from the financial impact of the pandemic, there remains strong activity in practice acquisition or the creation of strategic partnerships,” said Andy Poole, CEO of Monticello Community Surgery Center in Virginia’s Albemarle County. “ASCs need to evaluate their position in their market and best position their center for ongoing success.”
The pandemic accelerated the volume and complexity of procedures performed in the outpatient setting, but that doesn’t mean hospitals are eager to acquire centers. Many are either developing their own surgery center networks or partnering with physician groups on joint-venture ASCs.
“The increasing healthcare costs, coupled with the ASCs efficiency and high...