Private Equity Investment in Ambulatory Surgery Centers

This report outlines the current state of the Ambulatory Surgery Center (ASC) market, highlighting key factors that drive its growth and attract private equity (PE) investment. The ASC market was valued at $84 billion in 2020 and is projected to grow at a compounded annual growth rate (CAGR) of 3.9%, reaching $131 billion by 2031. The report notes that 70% of ASCs are independently owned, with increasing PE ownership among major players like AmSurg and Surgery Partners. The document discusses the impact of macroeconomic factors on PE transactions, including inflation and rising interest rates, which have led to a shift towards smaller deals. It emphasizes the cost savings associated with ASCs, particularly in orthopedics, and the growing demand for specialties like cardiology. The report concludes that the ASC market's growth potential and fragmentation will continue to attract PE investment, especially as economic conditions stabilize.