ASC Transactions & Valuation Issues
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$30M Los Angeles medical office building sold
Tarzana Medical Plaza, a medical office building in Los Angeles, was acquired for $30 million, ConnectCre reported Oct. 24. -
Prime Medicine goes public with $175M offering
Prime Medicine, a biotechnology company specializing in genetic therapies, has closed on its initial public offering of 10,294,118 shares of stock at $17 per share. Before deducting expenses, the public offering netted Prime Medicine approximately $175M in proceeds. -
National Medical Billing Services inks acquisition to expand ASC revenue offerings
National Medical Billing Services has acquired MedTek, an ASC revenue cycle management provider, the company said Oct. 25. -
Medical office space demand high in Dallas area as population soars
With strong demands in the region, medical office space vacancy rates in Dallas-Fort Worth are more than a percentage point below the five-year average, DMagazine reported Oct. 10. -
USPI adds 122 ASCs in a year: 6 notes on the company's growth
Dallas-based United Surgical Partners International, a subsidiary of Tenet Healthcare, has added 122 ASCs in the last year, solidifying its position as the largest ASC chain in the country. -
HCA outpatient revenue jumps 36.6% in Q3: 6 notes
Nashville, Tenn.-based HCA Healthcare's outpatient revenue jumped 36.6 percent in the third quarter, according to financial results released Oct. 21. -
America's 10 best ASCs in 2022, per Newsweek
Cedars-Sinai's 90210 Surgery Medical Center in Beverly Hills, Calif., was named the top ASC in the country by Newsweek's "America's Best Ambulatory Surgery Centers" list, which ranks 510 of the more than 5,000 Medicare-certified ASCs in the country. -
New York ASC moving to larger facility, increasing staff by 66%
Poughkeepsie, N.Y.-based Dutchess Ambulatory Surgery Center is expanding and moving to a new location in town, Mid Hudson News reported Oct. 20. -
$447M in medical office deals in 8 days
Here are three medical office building transactions totaling $447.7 million that Becker's has reported on since Oct. 12: -
USPI earnings jump 21% in Q3: 4 notes
Dallas-based United Surgical Partners International, a subsidiary of Tenet Healthcare, reported year-over-year revenue gains in the third quarter, according to financial results released Oct. 20. -
26 USPI ASCs named America's best by Newsweek
Twenty-six United Surgical Partners International ASCs made Newsweek's "America's Best Ambulatory Surgery Centers," which ranks 510 of the more than 5,000 Medicare-certified ASCs in the country. -
Chicago orthopedic practice relocates to New Jersey space
A medical office space in Paramus, N.J., has been leased to Lall Orthopedics, roi-nj.com reported Oct. 18. -
Optum doubles down on value-based care: 3 earnings call notes
Optum executives laid out the company's growth strategy in an Oct. 14 call with investors transcribed by The Motley Fool. -
CIT provides $39.2M for acquisition of 7 medical office buildings
CIT, First Citizens Bank's commercial banking division, funded the $39.3 million acquisition of seven medical office buildings by Texas-based private equity firm Ridgeline Capital Partners. -
CVS Health: 6 moves in 30 days
Here are six moves from CVS Health since Sept. 21: -
Missouri hospital ASC lands $2.3M investment
Houston, Mo.-based Texas County Memorial Hospital has been approved for more than $2.3 million in federal and state funding for a new ASC, Ozark Radio News reported Oct. 15. -
Optum Q3 revenue jumps 17%: 4 notes
Optum's third-quarter revenue is up 17 percent from the same quarter last year, reaching $46.6 billion, according to financial results released Oct. 14 by parent company UnitedHealth Group. -
3 big moves for Optum in Q3
Here are three key moves by Optum, parent company of ASC chain SCA Health, in the third quarter: -
60K-square-foot North Carolina medical office building acquired
A 60,000-square-foot medical office building in Kannapolis, N.C., has been acquired, REBusiness Online reported Oct. 12. -
3 Ohio medical office buildings sell for $8.4M
Three medical office buildings in Akron, Ohio, were sold for $8.46 million by healthcare real estate firm Fairfield Advisors.
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