ASC Transactions & Valuation Issues
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Tennessee ASC property sold for $6M
Property housing the Chattanooga, Tenn.-based Pomerance Eye Center was purchased for $6 million, Chattanooga Times Free Press reported Dec. 18. -
$14M ASC real estate sold in Massachusetts
A physician-developed medical complex featuring an ASC sold for $14 million in Amherst, N.Y., Buffalo Business First reported Dec. 17. -
$11M sale of Indiana ASC building closes
The two buildings housing the Ophthalmology Consultants of Fort Wayne (Ind.) and its ASC were sold for $11 million. -
Medical group deals up 119%
Physician practices and medical groups were a hot target for buyers in 2021, according to a PwC report. -
$8.5M Florida ASC acquired by property trust
JLL Income Property Trust acquired the North Tampa (Fla.) Surgery Center for about $8.5 million, the trust said Dec. 14. -
Retina Consultants of America acquires 19th practice in 2 years
Retina Consultants of America has added Mississippi Retina Associates to its network, the Southlake, Texas-based management services organization said Dec. 13. -
8 most expensive transactions in 2021
Here are the eight most expensive transactions reported by Becker's ASC Review in 2021: -
Florida ASC facility sells for $19.7M
The buildings housing Plaza Surgery Center and a medical office in Jacksonville, Fla., sold for $19.7 million to Catalyst Healthcare Real Estate of Pensacola (Fla.). -
3-building Tennessee property with ASC sold to private equity firm
A three-building medical office portfolio with an ASC in Knoxville, Tenn., has been acquired by a private equity group. -
CVS Health wants to add specialty services, buy more primary care groups
CVS Health is planning to acquire more primary care practices in the coming year and eventually expand specialty services at its clinics, Alan Lotvin, MD, CVS Health executive vice president and president of CVS Caremark, said during a Dec. 9 investor's call. -
ValueHealth, Florida health system launch joint venture, plan 2 ASCS
ValueHealth and NCH Healthcare System are launching a joint venture to expand access to value-based outpatient surgical care in Southwest Florida, ValueHealth said Dec. 9. -
Connecticut development with ASC refinanced for $29M
New York City-based Dwight Capital supplied $29 million to refinance a project in Mystic, Conn., that will include an ASC, Commercial Observer reported Dec. 8. -
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.
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