ASC Transactions & Valuation Issues
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Suburban Phoenix building with 2 ASCs acquired
A medical office building with a multispecialty ASC in Avondale, Ariz., a suburb of Phoenix, was acquired by Montecito Medical, the real estate company said Dec. 8. -
Florida ASCs enter joint venture with Health First
Rockledge, Fla.-based Health First is investing in a joint venture partnership with Crane Creek Surgery Center and the B.A.C.K. Center, both in Melbourne, Fla., according to a Dec. 7 news release. -
Kentucky endoscopy center property acquired by investment trust
Louisville (Ky.) Endoscopy Center was acquired by Flagship Healthcare Trust, the outpatient healthcare real estate investment trust said Dec. 2. -
Surgeons report higher pay after vertical integration with hospitals
Surgical specialists make more after becoming vertically integrated with hospitals or health systems, according to a Dec. 6 study published in Health Affairs. -
Montecito acquires ASC property in New York
Montecito Medical bought a medical building that houses Amherst-based Ambulatory Surgery Center of Western New York, according to a Dec. 6 news release. -
7 ASC acquisitions in November
A roundup of ASC purchases making news last month: -
20% growth in outpatient cardiovascular surgery expected by mid-2020s + 4 more ASC trends
The ASC market is currently estimated at $30 billion to $40 billion, according to a Nov. 29 report from Research and Markets. -
11 medical office buildings acquired in $200M deal
An investment bank based in Bahrain has acquired 11 medical office buildings in the U.S. in a $200 million deal. -
Michigan ASC and eye center real estate sold
The building housing Lakeshore Eye Surgery Center in St. Clair Shores, Mich., was sold, according to a Nov. 26 LinkedIn post. -
$600M acquisition gives EyeCare Partners 1,000 physicians in 18 states
St. Louis-based EyeCare Partners finalized its $600 million purchase of Cincinnati-based CEI Vision Partners, the company said in a Nov. 23 news release. -
Texas property with endoscopy center acquired
Montecito Medical has acquired a medical building housing the Texas Digestive Disease Consultants in Sherman, Texas, the medical real estate company said Nov. 23. -
Arizona ASC real estate sold for $2.1M
One Scottsdale (Ariz.) Surgery Center has purchased three lots for $2.1 million, Peoria Times reported Nov. 22. -
8 executive insights from USPI, Surgery Partners, HCA
United Surgical Partners International, Surgery Partners and HCA Healthcare are three of the largest ASC chains in the U.S. -
Massachusetts building housing eye and LASIK center acquired
A medical building with an ophthalmology ASC in West Springfield, Mass., has been acquired by Montecito Medical, the medical real estate company said Nov. 19. -
Texas ASC real estate acquired
A medical office building housing the Texas Health Surgery Center in Denton has been acquired by Montecito Medical, the company said Nov. 16. -
$12.3M Florida ASC building sold after value doubles in 4 years
A 26,884-square-foot Hollywood, Fla., medical office building housing Elite Plastic Surgery was sold for $12.3 million by 2700 Hollywood Blvd LLC, a company headed by the ASC's practice administrator, according to a Nov. 16 South Florida Business Journal report. -
What to consider when assessing fair market value of an ASC
ASCs must charge a fair market value for equity in an ASC, which can be difficult for a newer facility to calculate, Krieg DeVault, a lawyer from Meritas, wrote in a Nov. 12 Lexology article. -
USPI to have 440 ASCs after SurgCenter deal
United Surgical Partners International will have 440 ASCs after finalizing the acquisition of SurgCenter Development, further solidifying USPI's spot as the largest ASC chain in the U.S. -
Missouri firm has $21M in new ASC projects for 2021
St. Louis-based Kadean Construction committed $21 million to a portfolio of nine ASCs completed, in progress, or planned in 2021, according to a Nov. 10 news release. -
How HCA is fueling its outpatient growth: 5 notes
Nashville, Tenn.-based HCA Healthcare reported strong growth in outpatient revenue and profit in the third quarter of 2021.
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