Becker's Healthcare October 9, 2025
Francesca Mathewes

On Oct. 8, the Private Equity Stakeholder Project, a private equity watchdog organization, released a new research brief, “Private Equity in Ambulatory Surgery Centers.”

The report covers the expansion of private equity firms into the ASC sector, which it values at $30 billion, including a timeline of significant private equity deals in the industry. While ASC deal volume dropped by 50% in the first half of 2025 compared to the same period in 2023 and 2024, according to PESP, this decline may understate real activity. Smaller transactions involving independent ASCs and joint ventures often go unreported, quietly reshaping the sector.

Here are 11 industry-shaping private equity deals that have taken place since 2016, per PESP.

2024

  • PE...

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Topics: ASC, Investments, Mergers & Acquisitions / JV, Provider, Trends
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