Summary
This episode features Alan Condon, Editor-in-Chief at Becker’s Healthcare
Alan Condon, Editor-in-Chief at Becker’s Healthcare, discusses the unfortunate closure of St. Margaret’s Health in Spring Valley, Illinois. The hospital is set to close on June 16th due to financial distress. This closure marks the second hospital closure in the state this year. OSF Healthcare is in the process of acquiring some of St. Margaret’s assets.
Tenet, HCA, Optum competing for market share in the ASC space
Ellen Condon, Editor-in-Chief at Becker’s Healthcare, has been researching large for-profit health systems investing heavily in ASCs. More complex procedures are being moved to outpatient settings, creating opportunities for growth in the ASC market. Tenet, USPI, and Optum are three examples of health systems investing in ASCs.
Tenant Healthcare looking to expand its ASC portfolio
Tenant Healthcare plans to expand its current portfolio of around 145 ASCs to 575-600 by the end of 2025. The company is competing with SCA Health, which currently has 320 ASCs, and HC Healthcare, which has 150 ASCs. These investments in the ASC market aim to support physicians across the specialty care continuum.
Note: This is an AI generated transcript, not edited by a staff writer and is solely intended for educational purposes. If you have any questions/concerns, reach out to podcasts@beckershealthcare.com
This episode aired on 06/14/2023 and can be listened here.
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