CardioVascular Surgical Suites is an ambulatory surgical center that was developed by our partners and physician owners. Our unique ASC business model provides physicians with an opportunity for ownership with our facility. With the recent addition of CMS-approved outpatient cardiovascular process, we are poised for success in one of the fastest-growing outpatient specialties.
An estimated 10% of cardiovascular procedures were done at ASCs in 2018, the last year for which figures are available. That number is expected to rise to between 30% and 35% by the mid-2020s. This represents an annual growth rate of approximately 20%.(1)
(1) Biesen and Johnson, Ambulatory Surgery Center Growth Accelerates: Is Medtech Ready? Bain & Company, bain.com, 9/2019.