9 recent ASC acquisitions & partnerships — January 2018

Here are nine recent ASC acquisitions and partnerships announced in January 2018.

Medical Facilities Corp. formed a joint venture with Leawood, Kan.-based NueHealth and acquired seven ASCs from Meridian Surgical Partners for $46.5 million.

Medford, Mass.-based Hallmark Health System announced plans for an ASC at its Lawrence Memorial Hospital campus in Medford, through a partnership with local physician groups.

Cullman (Ala.) Regional Medical Center took over the day-to-day management of The Surgery Center of Cullman after acquiring majority ownership of the center

United Surgical Partners International, a subsidiary of Dallas-based Tenet Healthcare, partnered with New York City-based Hospital for Special Surgery to open an ASC in West Palm Beach, Fla.

Austin, Texas-based Epiphany Dermatology acquired Frisco (Texas) Dermatology Laser & Surgery Center to expand its presence in the Dallas/Fort Worth metroplex.

Oak Brook, Ill.-based Inland Real Estate Acquisitions purchased the Edward-Elmhurst (Ill.) Health Center. The center, located at a 13,000-square-foot medical office building, features physicians with specialties in internal medicine, family medicine, obstetrics/gynecology and gastroenterology. The property has 10 exam rooms, one surgical procedure room, four preoperative and postoperative recovery rooms and one endoscopy suite.

Surgical Care Affiliates, an Optum company, made an equity investment in a Portland, Ore.-based ASC through a partnership with Renton, Wash.-based Providence Health & Services.

Parole, Md.-based Chesapeake Eye Care Co. established One Vision Eye Partners, a medical and surgical ophthalmology division in the Mid-Atlantic U.S, and immediately acquired Arlington (Va.) Eye Center.

Oak Brook, Ill. -based Inland Real Estate Acquisitions acquired a 29,702-square-foot medical office building in Salt Lake City that houses Eye Institute of Utah as well as SurgiCare Center of Utah.

More articles on transactions/valuations:
Maximize your 2018 reimbursements: Know your health plans, know your market, and stay on top of trends
21 statistics on ASC accounts receivable
8 things to know about the growing ASC market — Procedure volume up 22.9%

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