8 recent acquisitions involving ASCs, outpatient centers

Here are eight acquisitions involving surgery centers or their properties:

Advertisement

An Arizona investor acquired Chandler, Ariz.-based Sonoran Desert Surgery Center. Pain Center of Arizona leases and occupies the entire space.

Arizona investor Boomerang Capital Partners acquired Surprise, Ariz.-based Desert Mirage Medical Plaza, which houses an unoccupied ASC.

In August, Audax Group and Linden Capital Partners acquired Phoenix-based The Core Institute, which has 88 physicians across 25 locations in Arizona and Michigan.

Allentown, Pa.-based Lehigh Valley Health Network plans to acquire the assets of Allentown-based Coordinated Health, pending regulatory approval. Coordinated Health operates multiple facilities in Pennsylvania, including an ASC in East Stroudsburg.

PrimeMed Realty acquired a medical office housing Davenport-based Heart and Vascular Institute of Florida for $4.6 million. The 9,500-square-foot surgery center is fully occupied and operated by Comprehensive Cardiovascular Specialists.

Edison, N.J.-based Hackensack Meridian Health will acquire Englewood Health, one of a waning number of independent hospitals in New Jersey, as well as its network of 100 ambulatory care sites.

A Bloomington, Ill., medical office building housing SurgiCenter — an outpatient surgery center — was sold to a real estate investment company.

The Grand Rapids, Mich., building housing East Paris Surgical Center was purchased for $2.8 million.

More articles on transactions/valuation:
ASC coming to Minnesota community in 2020
Regent, UHS partner to develop ASCs: 4 key notes
Capital Digestive Care, Physicians Endoscopy launch management services organization & more — 7 ASC industry notes

At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.

Register to Attend Webinar

Is ambulatory care healthcare’s big margin engine? 4 leaders weigh in

Wednesday, July 29
1:00 PM - 2:00 PM CDT

Presenters: Joe Ganley, athenahealthJeffrey Flynn, CASC, Gramercy Surgery CenterBryan Tsao, Access Center, Loma Linda University HealthJason Zepeda, Northridge Hospital Medical Center, CommonSpirit HealthGreg DeConciliis, PA-C, CASC, Boston Out­Patient Surgical Suites

Advertisement

Next Up in ASC Transactions & Valuation Issues

Advertisement

Comments are closed.