Issue link: https://beckershealthcare.uberflip.com/i/1489874
33 ASC How private equity dug deeper into the ASC industry in 2022 By Riz Hatton P rivate equity has made a name for itself in the ASC industry in recent years, and ASC leaders expect to see the trend continue. Here are four deals Becker's has reported on since March 11 that highlight how private equity has dug deeper into the ASC space throughout 2022: 1. Surgery Partners closed an $800 million equity offering in November. Bain Capital Private Equity, the company's investment partner, participated with $225 million of the raise. The other $575 million is an upsized underwritten public offering. 2. Newport Beach, Calif.-based DISC Sports & Spine Center is planning to grow its footprint in California and around the U.S. through its private equity-backed parent company, Trias Global. Trias Global aims to turn DISC into one of the largest spine ASCs on the West Coast. 3. Several independent orthopedic practices are seeking strategic partnerships with private equity firms and management services organizations to find stability in the challenging economic environment, according to Becker's reporting. 4. Raleigh, N.C.-based Compass Surgical Partners secured a minority investment by Health Velocity Capital, a private equity firm that focuses on healthcare services and software businesses. The partnership aims to drive Compass' growth into new markets and benefit its joint-venture ASCs as the healthcare industry continues its shift away from hospitals toward the outpatient setting. n The 12 best ASCs of 2022, per Leapfrog By Claire Wallace T welve ASCs have been named the best of 2022 by patient safety reporter Leapfrog. The award is based on key factors including infection rates and error prevention. Top ASCs of 2022: Connecticut HHC Hartford Surgery Center Glastonbury Surgery Center Lighthouse Surgery Center (Hartford) Florida Baptist Health Surgery Center at South Miami Baptist Health Surgery Center-Plantation Baptist Health Endoscopy Center at Coral Springs Baptist Health Surgery Center at Miami Beach Nevada Reno Orthopedic Surgery Center North Carolina Novant Health Brunswick Endoscopy Center (Supply) Novant Health Ballantyne Outpatient Surgery (Charlotte) Pennsylvania St. Luke's Endoscopy Center-Buxmont (Sellersville) Tennessee Knoxville Orthopedic Surgery Center n CMS expands colorectal cancer screening coverage: 2 things to know By Riz Hatton CMS has expanded colorectal cancer screening coverage as part of its finalized 2023 Physician Fee Schedule released Nov. 1. Two things to know about CMS' final ruling on colorectal cancer screenings: 1. CMS is expanding Medicare coverage for certain colorectal cancer screening tests by reducing the minimum age payment and coverage limitation from age 50 to 45. 2. CMS is expanding the regulatory definition of colorectal cancer screening tests to include a complete colorectal cancer screening, where a follow-up colonoscopy screening aer a Medicare covered noninvasive stool-based colorectal cancer screening test comes back positive. For most beneficiaries, cost sharing will not apply for either the initial stool-based test or the follow-on colonoscopy. n