Issue link: https://beckershealthcare.uberflip.com/i/1252329
38 JOINT VENTURES Majority and Minority Interest Sales | Growth Strategies | Real Estate Sales / Leasebacks | ASC and Practice Exper tise Thinking of Selling Your ASC or Real Estate? ASCs Inc. has helped physician-owners of over 250 ASCs realize maximum value by: Clearly understanding the owners' goals Adhering to a strictly disciplined process Engaging the most likely and qualified prospective buyers Leveraging our team's experience, knowledge and expertise Effectively managing the complex and time consuming transaction process Creating the most competitive environment to maximize value Ensuring our clients end up with optimal financial and non-financial results The market leader in ASC and ASC/MOB real estate sales/leasebacks (760) 751-0250 • www.ASCs-Inc.com Tenet withdraws 2020 outlook, USPI centers focus on urgent care during COVID-19: 4 updates By Laura Dyrda D ue to the economic impact of the COVID-19 pandemic, Dallas- based Tenet Healthcare updated its financial forecast for 2020 making changes to surgery center services. 1. Tenet withdrew its financial outlook for 2020 due to the COVID-19 pandem- ic, according to an SEC filing. Its liquidity position included $350 million of excess cash and cash equivalents as of March 31. e company also furloughed 500 full- time nonclinical workers and suspended 401(k) matches. 2. Addison, Texas-based United Surgical Partners International, one of Tenet's companies, has a network of 400 ASCs across the U.S. Many ASCs have tempo- rarily closed or scaled back business to divert resources to healthcare personnel on the front lines of treating patients with the coronavirus, and to stem the spread. 3. USPI said its centers are following the proper protocols to care for chronically ill patients who need essential surger- ies and cannot be deferred, including patients with heart and vascular disease, bone and joint disabilities and cancer treatment and prevention. 4. e company works with 12,000 physicians to care for 3.4 million patients annually. It also has partnerships with more than 50 health systems across the nation. n Cardiology ASC underway in New Mexico By Angie Stewart A cardiology ASC and medical office building is under devel- opment in Las Cruces, N.M., according to Guide Architecture, a firm involved in the project. The 24,000-square-foot building has been dubbed the ASC of The Heart Institute. A grand opening is sched- uled for April. Guide Architecture is providing plan- ning, design, documentation and construction administration on the project. n