Law360, New York (January 3, 2014, 5:42 AM EST) -- Before venturing into the ambulatory surgery center (ASC) industry, investors and lenders should examine key drivers and common misconceptions of the outpatient surgery center business to gain initial perspective on this growing area.
1. The ASC market is fragmented.
Generally, the ASC industry is more fragmented than other health care sectors. According to Hoover's, the top 50 companies generate only 30 percent of the industry's revenues. There are currently approximately 5,000 ASCs nationwide; 1,500 of those are owned in part by management companies and another 1,500 or so are partially owned by hospitals.
2. Observe the ownership structure.
As with other...
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