Issue link: https://beckershealthcare.uberflip.com/i/1439613
40 ASC America's 10 best ASCs for 2022, per Newsweek By Patsy Newitt U CLA Health - Ambulatory Surgery Center West- wood in Los Angeles was ranked the top ASC in the country by Newsweek and global research firm Statista. Newsweek and Statista identified the best ASCs in the states with the most ASCs. The 2022 ranking took into account ASC quality data, how ASCs handled COVID-19 and surveys of ASC nurses, ther- apists, physicians, surgeons and administrators conducted from July to September. The project analyzed more than 4,600 ASCs. The top 10 ASCs in the country: 1. UCLA Health - Ambulatory Surgery Center Westwood (Los Angeles) 2. Cedars Sinai - 90210 Surgery Medical Center (Beverly Hills, Calif.) 3. The Surgery Center at TGH Brandon Healthplex (Tam- pa, Fla.) 4. Florida Medical Clinic - North Tampa 5. Surgical Care Affiliates - Surgical Center of San Diego (California) 6. Surgical Care Affiliates - Texas Health Surgery Center Rockwall 7. Coral Gables Surgery Center (Miami) 8. Johns Hopkins Health Care & Surgery Center - White Marsh (Nottingham, Md.) 9. Gramercy Surgery Center - New York (New York City) 10. Surgical Care Affiliates - WestHealth Surgery Center (Plymouth, Minn.) n 15 details on USPI's $1.2B acquisition of SurgCenter By Alan Condon D allas-based United Surgical Partners International, a subsidiary of Tenet Healthcare, on Nov. 8 announced its plan to acquire SurgCenter Development for about $1.2 billion. Fieen details on the transaction and USPI's long-term strategy: ASC acquisitions 1. e acquisition includes ownership interest in 92 ASCs across 21 states, including high- growth regions in Arizona, Florida and Texas. 2. Sixty-five of the ASCs are "mature centers" and 27 have either opened within the last year or will perform their first cases in 2022, Tenet said in the news release. 3. Eighty percent of the surgery centers spe- cialize in musculoskeletal care, such as spine and total joint procedures — key opportuni- ties for outpatient growth. 4. Towson, Md.-based SurgCenter owns a mi- nority interest of about 39 percent on average in 86 of the ASCs and a majority interest of about 55 percent on average in six of the ASCs. 5. USPI said it will acquire equity interests in the ASCs from physician owners for about $250 million. 6. Since 2009, USPI has acquired 67 ASCs from SurgCenter, which has developed more than 200 centers in its 28-year history. 7. Aer closing, USPI will have more than 440 surgical facilities in 35 states, further pulling ahead of its competitors and cementing its position as the largest ASC chain in the U.S. A new ASC development partnership 8. USPI and SurgCenter will enter into a five-year development agreement to provide continuity for SurgCenter's facilities and phy- sician partners. roughout the agreement, USPI will have the exclusive option to partner with SurgCenter on de novo projects. 9. Over the next five years, USPI and Surg- Center will develop a minimum of 50 ASCs, according to terms of the transaction. e new facilities generally will be led by Surg- Center executives. 10. With each ASC, USPI will have the exclu- sive option to obtain an immediate owner- ship position at the time of development with an additional option to purchase SurgCenter's ownership stake 18 months aer a facility's opening. 11. USPI said it will continue to pursue other ASC acquisitions and de novo developments in partnership with physicians and health systems. Financial profile 12. Tenet said the acquisitions will further diversify its mix of adjusted EBITDA with a larger portion being produced by its high- er-margin outpatient portfolio. 13. e transaction, set to be completed in the fourth quarter of 2021, is expected to generate strong financial returns, including improved adjusted EBITDA margins and free cash flow. 14. Tenet said it expects to realize at least $45 million of annual run-rate synergies over the next three to four years from the deal. 15. "is transaction came together because of our shared commitment to quality, safety and delivering an industry-leading experi- ence for our patients and physicians alike," said Brett Brodnax, USPI president and CEO. "We are excited to continue our long-standing relationship in partnership with the [Surg- Center] principals, who have an extremely effective development engine to expand our network of care." n