5 Recent Surgery Center Acquisitions & Joint Venture Partnerships
Physicians Realty Trust, a self-managed healthcare properties REIT, has completed the $15.6 million acquisition of the Foundation Outpatient Care Building in Oklahoma City. The building is leased by Foundation Surgical Affiliates and includes the Foundation Surgery Center of Oklahoma City, a joint venture between 30 physicians and Foundation Surgical Affiliates. Foundation Surgical Affiliates is a wholly owned subsidiary of Graymark Healthcare.
Physicians Realty Trust has announced that the 29 physician owners of Crescent City Surgical Centre in Metairie, La., have contributed their ownership interest in the surgery center to the company' partner Physicians Realty in a $37.5 million transaction. As a part of the transaction, the physician owners received 954,877 operating partnership units, which are valued at $11,534,909.
UCLA Health has sold a Santa Monica, Calif., building that houses the UCLA Health Surgery Center to an investment company for $54 million. The 50,000-square-foot-facility houses the surgery center, a radiation oncology unit and clinical offices. UCLA will remain as the tenant.
The two physician owners of Southern Sports Surgery Center in Hendersonville, Tenn., have filed a certificate of need application for the sale of 38 percent ownership to SurgCenter Development. The physicians currently own a 50 percent stake each.
More Articles on Transactions and Valuation Issues:
8 New Surgery Center Openings, Plans & Expansions
Not-For-Profit Hospital & Physician Joint Ventures: Spotlight on Ambulatory Surgery Centers
16 Statistics on Surgery Center Case Volume by OR
© Copyright ASC COMMUNICATIONS 2012. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.
- How Physician Thinking Changes After Working in ACOs
- 2014 Financial Impact Analysis Doesn't Stop With CMS' Final Rule: Don't Neglect CMS NCCI Edits
- 4 Drivers of Recent M&A Activity in Healthcare
- 8 Reasons to Outsource Medical Billing Services
- 5 ICD-10 Transition Considerations Medical Practices Have Likely Not Thought About