Joint venture to operate newly acquired ASC property in Arizona

Banner Health and Atlas Healthcare Partners will occupy and operate a newly acquired ASC property in Mesa, Ariz., in a joint venture, according to healthcare real estate developer NexCore Group.

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The off-campus ASC — Orange Medical Pain Management — is in an 11,308-square-foot medical office building that was acquired by NexCore and investment management firm Harrison Street.

The facility is hospital-affiliated.

Banner Health and Atlas Healthcare Partners, an outpatient surgery center development and management company, are both based in Phoenix.

More articles on transactions/valuation:
PE-backed Prism Vision snags Maryland eye group — 4 insights
Florida ASC buyer projects $18M profit in 1st year: 5 details
Physician-owned eye group acquires California practice 

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.

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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

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