ASC Transactions & Valuation Issues
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3 medical office buildings sold in Florida this year
Here are three major medical office building transactions in Florida so far in 2024: -
Roofing company buys Connecticut medical office building for $4M
Owners of a Connecticut roofing company have purchased a medical office building in Orange, Conn., for $4.1 million, according to a March 7 report from the Hartford Business Journal. -
Where Tenet is selling hospitals
Dallas-based Tenet Healthcare, parent company of ASC giant United Surgical Partners International, is on a hospital selling spree — inking three deals so far in the last year. -
Walgreens shutters clinics, exits 3 states: What ASCs need to know
Walgreens' VillageMD has announced plans to exit the Illinois, Indiana and Florida markets this year. -
13 East Coast medical office buildings changing hands in 2024
As medical office building transactions heat up in 2024, here are eight transactions involving 13 buildings in the Eastern half of the U.S. to know: -
7 Midwestern medical office buildings trading hands in 2024
As medical office building transactions heat up in 2024, here are seven Midwestern transactions to know: -
The state of physician ownership and ASCs
Here are nine key statistics on physician and ASC ownership changes: -
Novant Health takes majority ownership of spine, GI ASCs
Winston-Salem, N.C.-based Novant Health took majority ownership of two ASCs in Mount Pleasant, S.C., ABC 4 reported March 4. -
Indiana medical office building sells for $39M
A Florida-based real estate company has purchased a Brownsburg, Ind.-based medical office building for $39 million, according to a Feb. 29 report from the Business Observer. -
Tenet's sell-off spree continues
Tenet Healthcare, parent company of ASC chain United Surgical Partners International, has inked another deal to sell two hospitals to Roseville, Calif.-based Adventist Health for $550 million. -
Tenet to sell 2 hospitals in $550M agreement with Adventist Health
Tenet Healthcare entered a definitive agreement with Roseville, Calif.-based Adventist Health for the sale of two Tenet hospitals and related operations in California's San Luis Obispo County. -
Chicago building with medical office bought for $20M
A building with 104,000 square feet of medical office space in Chicago has sold at auction for a little over $20 million, according to a Feb. 27 report from the Real Deal. -
3 joint ventures, partnerships shaking up the ASC industry
Here are three joint ventures and partnerships Becker's has reported on since Jan. 4: -
UnitedHealth's physician group ownership targeted in antitrust investigation
UnitedHealth Group is the target of a Justice Department antitrust investigation, according to The Wall Street Journal. Investigators are zeroing in on the company's ownership across sectors, including physician groups, pharmacy drug benefits and a major health plan. -
HCA's ASC arm has a busy start to 2024
HCA Healthcare's ASC business Surgery Ventures has made major moves in the first two months of 2024. -
US ASC market projected to pass $53B by 2029
The ASC market in the U.S. was valued at $36.54 billion and is projected to reach $53.67 billion by 2029. -
Valuation multiples breakdown of ASC chains, parent companies
VMG Health laid out the valuation multiples of the two ASC chains and two parent companies of ASC chains in a January report. -
6 Kentucky medical office buildings sold
Six medical office buildings totaling 145,308 square feet in Florence, Fort Mitchell, Crittenden, Walton, Alexandria and Butler have sold, according to a Feb. 19 report from REBusiness Online. -
The biggest opportunity in ASC acquisitions
The fragmentation of the ASC market is primed for acquisitions at the individual facility level, according to a January report from VMG Health. -
How Claimocity scaled their revenue cycle management with Modio’s provider credentialing platform
Provider credentialing is a critical yet often overlooked element to successful revenue cycle management (RCM). Across the healthcare industry, there is a lack of awareness about how an efficient, accurate credentialing system can streamline medical practices’ RCM workflows and assist in capturing revenue that may otherwise be lost or delayed. This is because the connection between the benefits of a credentialing platform and the RCM function is not always intuitive nor immediately clear, causing departments to be siloed. However, bridging the gap between credentialing and RCM functions is essential for preventing revenue loss, reimbursement delays, and other challenges — and ultimately aids in bolstering practice efficiency and financial stability.
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