Issue link: https://beckershealthcare.uberflip.com/i/1512717
18 TRANSACTIONS USPI revenue jumps 16.7%: 6 notes By Patsy Newitt D allas-based United Surgical Partners International, Tenet Healthcare's ASC chain, hit $941 million in third-quarter operating revenue, an increase from $806 million the year prior, according to financial results released Oct. 30. Six notes: 1. e 16.7% growth in net operating revenue is attributed to surgical case growth, acquisitions, opening of de novo facilities, service line growth and improved pricing yield, according to the report. 2. USPI saw a 4.1% increase in same-facility systemwide surgical cases in the third quarter, compared to the year prior. 3. USPI's adjusted earnings before interest, taxes, depreciation and amortization for the third quarter hit $370 million, up from $319 million in the third quarter of 2022. 4. For the nine months ending Sept. 30, USPI hit $2.8 billion in revenue, compared to $2.3 billion for the same period last year. 5. USPI's surgical business net patient service revenues increased 7.9% in third quarter 2023 compared to third quarter 2022. 6. USPI now has interests in 457 ASCs, 316 of which are consolidated, and 24 surgical hospitals, eight of which are consolidated, in 35 states. n HCA outpatient revenue jumps 37% while operating income dips By Patsy Newitt N ashville, Tenn.-based HCA Healthcare reported a 37.4 percent jump in outpatient revenue in the third quarter while its operating income was down 4.1 percent from the previous year. Here are three more things to know: 1. e 186-bed hospital system's same facility outpatient surgeries increased 0.9 percent while same-facility inpatient surgeries increased 1.6 percent. HCA's number of ASCs increased from 125 to 126 year over year. 2. HCA's revenue in the third quarter hit $16.21 billion, compared to $14.97 billion in the third quarter of 2022. Expenses hit $14.58 billion, up from $13.27 billion. 3. For the nine months ending Sept. 30, HCA revenues totaled $47.67 billion and expenses hit $42.30 billion, compared to $44.74 billion and $39.46 billion, respectively, in the same period in 2022. n Healthcare real estate firms merge in $21B deal By Claire Wallace T wo major healthcare real estate firms, Milwaukee, Wis.-based Physicians Realty Trust and Denver- based Healthpeak Properties, announced plans to merge in a deal valued at $21 billion. The deal is expected to close in 2024 with the combined entity, named Healthpeak Properties, managing 52 million square feet of medical and lab space. Healthpeak is currently valued at $16 billion with 475 properties, according to an Oct. 31 press release. Physicians Realty Trust has 278 properties valued at $5 billion. n What to know about Envision's ASC ownership swap By Riz Hatton I n May, ASC operator and physician services company Envision Healthcare filed for Chapter 11 bankruptcy. As a result of the filing, Envision's ASCs are set to swap owners. Here are three things to know: 1. AmSurg, an ASC-focused subsidiary of Envision, will be separated from Envision and have its own leadership teams and owner groups. 2. Envision's president and CEO, Jim Rechtin, announced that he will leave the company and take over leadership of nationwide payer Humana. 3. All of Envison's ASCs will be part of AmSurg and will no longer have any affiliation with Envision. Pacific Investment Management Co., a creditor, will be AmSurg's new majority owner. The deal is expected to be approved by the court overseeing the bankruptcy proceedings during the fourth quarter of 2023. n