Becker's Healthcare September 7, 2022
The ASC industry was shaped by a series of “mega-mergers” made between 2015 and 2018, according to VMG Health’s “Annual Healthcare M&A Report 2022.”
In 2015, Dallas-based Tenet Healthcare and ASC chain United Surgical Partners International merged, followed by Envision Healthcare Holdings and ASC chain AmSurg in 2016. The following year, SCA Health, formerly Surgical Care Affiliates, was acquired by UnitedHealth Group subsidiary Optum, and National Surgical Healthcare was acquired by Surgery Partners.
These mega-mergers, which VMG Health described as “transactions that unite two large corporations valued at billions or more,” have shaped the increasingly consolidated ASC industry.
Consolidation was also accelerated by private equity interest — KKR acquired two ASC operators as well as Nashville, Tenn.-based...