Becker's Healthcare October 24, 2024
The ASC industry is facing a new dilemma: An aging physician population looking to cash out, but not necessarily to larger consolidators.
The industry is largely fragmented, with around 68% of ASC facilities operating independently, as of 2023. This makes the ASC market ripe for acquisitions at the individual facility level, according to a report from VMG Health.
As a consequence, the industry is consolidating, albeit slowly. The number of ASCs under partnership by a national operator jumped to 1,941 in 2023 — up from approximately 1,339 in 2011.
“What’s starting to happen is many of these physicians are mature now, some are getting ready to retire, and I think some would like to cash out or bring...
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