Nashville, Tenn.-based HCA Healthcare's third-quarter financial results were "unfavorably impacted" by its physician staffing joint venture, CEO Sam Hazen said during an Oct. 24 earnings call transcribed by Seeking Alpha.
ASC Transactions & Valuation Issues
Physician-owned hospitals have recently been the target of resistance from major hospital groups as lawmakers push a bill that would repeal the Affordable Care Act's restrictions on POHs.
Here are three medical office buildings that have recently sold for a total of $87.25 million:
A 32,711-square-foot medical office building in Woodbury, Minn., has been acquired for $9.8 million, according to an Oct. 25 report from Commercial Property Executive.
Management services organization Surgery Partners has partnered with San Ramon, Calif.-based NorCal Orthopedic Surgery Center.
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Nashville, Tenn.-based HCA Healthcare reported a 37.4 percent jump in outpatient revenue in the third quarter while its operating income was down 4.1 percent from the previous year.
Physicians are increasingly moving to employed models – from 2019 to 2021, more than 108,700 physicians left private practice for employment opportunities, according to a report from Avalere.
UnitedHealth Group's Optum has had a busy year.
A 96,262-square-foot medical office building in Maple Heights, Ohio, has sold, according to an Oct. 25 report from REJournals.
In May, ASC operator and physician services company Envision Healthcare filed for Chapter 11 bankruptcy. As a result of the filing, Envision's ASCs are set to swap owners.