ASC

USPI and Providence Expand Partnership with a New Development Agreement

Retrieved on: 
Wednesday, February 8, 2023

USPI and Providence entered a joint venture partnership in 2004 in California, which has grown to five ambulatory surgery centers (ASCs).

Key Points: 
  • USPI and Providence entered a joint venture partnership in 2004 in California, which has grown to five ambulatory surgery centers (ASCs).
  • “We are pleased to expand our agreement with USPI which allows us to increase access to more affordable ambulatory surgery services,” said David Kim, MD, chief executive, Providence Clinical Network.
  • These ASCs offer a range of multi-specialty surgical procedures in which USPI has established expertise, including musculoskeletal, ENT, gastrointestinal, and general surgery.
  • USPI and Providence will also aim to develop additional ASC joint venture partnerships in select markets across the Western U.S. USPI will also provide management services for the additional centers.

Andersen’s Aggressive Growth Moves Stateside: Expands Presence in Orange County, Adds New Offices in Des Moines and Pittsburgh

Retrieved on: 
Wednesday, February 8, 2023

The new Orange County professionals will join Andersen’s office in Costa Mesa, while the teams in Des Moines and Pittsburgh will be a part of the Chicago Metro and New York Metro practices, respectively.

Key Points: 
  • The new Orange County professionals will join Andersen’s office in Costa Mesa, while the teams in Des Moines and Pittsburgh will be a part of the Chicago Metro and New York Metro practices, respectively.
  • Likewise, clients in these markets will have access to Andersen’s full suite of tax services and extensive global platform.
  • He has over 30 years of experience and worked with the Big Four prior to establishing Rickmeyer & Associates.
  • Darin Yonemura, formerly a Principal at Rickmeyer & Associates, has over 25 years of tax experience, including experience at the Big Four and Arthur Andersen.

LeaseQuery Reports Record Growth in 2022

Retrieved on: 
Wednesday, February 1, 2023

In addition to a 75% customer increase since 2021, LeaseQuery has also continued to build upon current product offerings and launched its newest product, LeaseQuery for NetSuite .

Key Points: 
  • In addition to a 75% customer increase since 2021, LeaseQuery has also continued to build upon current product offerings and launched its newest product, LeaseQuery for NetSuite .
  • Major achievements by LeaseQuery over the span of 2022 include:
    Broadened product offerings: In previous years, LeaseQuery has expanded beyond lease accounting to a SaaS platform enabling accounting teams to move complex accounting into the secure cloud.
  • LeaseQuery for NetSuite empowers accounting teams to ditch manual lease tracking spreadsheets to automate and consolidate lease accounting processes to simplify compliance.
  • Throughout 2022, LeaseQuery awarded 13,931 CPE credit hours across 86 webinars, five virtual summits and three in-person summits.

IDEX Reports Strong Fourth Quarter and Record Full Year 2022 Results

Retrieved on: 
Tuesday, January 31, 2023

Fourth quarter 2022 net income attributable to IDEX increased $11.2 million to $130.0 million, which resulted in EPS attributable to IDEX of $1.71 per share.

Key Points: 
  • Fourth quarter 2022 net income attributable to IDEX increased $11.2 million to $130.0 million, which resulted in EPS attributable to IDEX of $1.71 per share.
  • Full year 2022 net income attributable to IDEX increased $137.5 million to $586.9 million, which resulted in EPS attributable to IDEX of $7.71 per share.
  • Fourth quarter 2022 net income margin of 16.0 percent decreased 60 basis points compared with the prior year period.
  • Fourth quarter 2022 free cash flow of $147.3 million was 96 percent of adjusted net income attributable to IDEX, while full year 2022 free cash flow of $489.4 million was 79 percent of adjusted net income attributable to IDEX.

UPS Releases 4Q 2022 Earnings

Retrieved on: 
Tuesday, January 31, 2023

For the 14th consecutive year, the UPS Board of Directors has approved an increase to the company’s quarterly dividend.

Key Points: 
  • For the 14th consecutive year, the UPS Board of Directors has approved an increase to the company’s quarterly dividend.
  • UPS will pay a first-quarter 2023 dividend of $1.62 per share on all outstanding Class A and Class B shares.
  • In addition, the UPS Board of Directors has approved a new $5 billion share repurchase authorization, replacing the company’s existing authorization.
  • UPS CEO Carol Tomé and CFO Brian Newman will discuss fourth-quarter results with investors and analysts during a conference call at 8:30 a.m.

Bankwell Financial Group Reports Record Loan Growth for the Fourth Quarter and Full Year 2022; Declares First Quarter Dividend

Retrieved on: 
Wednesday, January 25, 2023

The average yield of loans originated during 2022 was 6.24% while the average yield on fourth quarter originations was 7.23%.

Key Points: 
  • The average yield of loans originated during 2022 was 6.24% while the average yield on fourth quarter originations was 7.23%.
  • Return on average assets was 1.07% for the quarter ended December 31, 2022 and 1.44% for the year ended December 31, 2022.
  • Net income for the quarter ended December 31, 2022 was $8.0 million, versus $7.8 million for the quarter ended December 31, 2021.
  • The increase in the Provision for loan losses for both the quarter and year ended December 31, 2022 was attributable to loan growth.

Audax Strategic Capital Builds Out Team and Platform

Retrieved on: 
Wednesday, January 25, 2023

Audax Strategic Capital (ASC), a provider of mid-hold capital solutions that enable private equity sponsors to continue investing in expanding middle market companies, today announced recent additions to its growing team that reflect ongoing momentum since the launch of ASC in December.

Key Points: 
  • Audax Strategic Capital (ASC), a provider of mid-hold capital solutions that enable private equity sponsors to continue investing in expanding middle market companies, today announced recent additions to its growing team that reflect ongoing momentum since the launch of ASC in December.
  • Kumber and Daniel were previously Head of Americas and Head of Europe, respectively, at DWS Private Equity.
  • Audax Group launched ASC in December to serve as a value-added partner to financial sponsors seeking flexible capital solutions for performing assets.
  • “The build out of our team represents an exciting development as our vision for ASC begins to take shape.”

Medical Billing Outsourcing Global Market Report 2023

Retrieved on: 
Monday, February 20, 2023

The medical billing outsourcing market includes revenues earned by entities by providing Medical Billing Services, medical coding services, patient demographic entry, submission of claims, medical coding analysis services, and ASC billing services.The market value includes the value of related goods sold by the service provider or included within the service offering.

Key Points: 
  • The medical billing outsourcing market includes revenues earned by entities by providing Medical Billing Services, medical coding services, patient demographic entry, submission of claims, medical coding analysis services, and ASC billing services.The market value includes the value of related goods sold by the service provider or included within the service offering.
  • North America was the largest region in the medical billing outsourcing market in 2022.Western Europe was the second largest region in the medical billing outsourcing market.
  • The variable cost charged in the medical billing services by the service provider is expected to limit the medical billing outsourcing market.According to the Medical Billing Service Review, there is a price for every service provided by medical billing service providers.
  • The medical billing outsourcing market research report is one of a series of new reports that provides medical billing outsourcing market statistics, including medical billing outsourcing industry global market size, regional shares, competitors with a medical billing outsourcing market share, detailed medical billing outsourcing market segments, market trends and opportunities, and any further data you may need to thrive in the medical billing outsourcing industry.

Captiva Spine Expands Management Team to Support Roll-Out of the New WatchTower™ Spine Navigation and Robotics System

Retrieved on: 
Monday, February 20, 2023

JUPITER, Fla., Feb. 20, 2023 /PRNewswire-PRWeb/ -- Captiva Spine is a medical device organization located in Jupiter, Florida, dedicated to delivering smart, elegant, and intuitive spinal fusion solutions. Today Captiva Spine announced the expansion of its management team to accelerate the roll-out of its WatchTower Spine Navigation and Robotic System. Daniel McPhillips has joined Captiva Spine as the Director of Enabling Technologies and Market Development.

Key Points: 
  • "Dan will be a great asset to the roll-out of the WatchTower Spine Navigation and Robotics System," said Dale Mitchell, President of Captiva Spine.
  • The WatchTower Spine Navigation System promises to provide surgeons with a next-generation navigation and robotics system for the Ambulatory Surgery Center (ASC) and specialty hospital.
  • Today Captiva Spine announced the expansion of its management team to accelerate the roll-out of its WatchTower Spine Navigation and Robotic System.
  • "Dan will be a great asset to the roll-out of the WatchTower Spine Navigation and Robotics System," said Dale Mitchell, President of Captiva Spine.

Digital Realty Reports Fourth Quarter 2022 Results

Retrieved on: 
Thursday, February 16, 2023

Other non-recurring CapEx represents costs incurred to enhance the capacity or marketability of operating properties, such as network fiber initiatives and software development costs.

Key Points: 
  • Other non-recurring CapEx represents costs incurred to enhance the capacity or marketability of operating properties, such as network fiber initiatives and software development costs.
  • Recurring CapEx represents non-incremental improvements required to maintain current revenues, including second-generation tenant improvements and leasing commissions.
  • The presentation is designed to accompany the discussion of the company's fourth quarter 2022 financial results and operating performance.
  • A live webcast of the call will be available via the Investors section of Digital Realty's website at https://investor.digitalrealty.com/ .