ASC Transactions & Valuation Issues

Remedy Medical Properties and Kayne Anderson Real Estate acquired Baylor Scott & White Frisco Medical Center in Texas.

Mergers, acquisitions and consolidation are a pivotal part of healthcare operations, particularly at ASCs. 

UnitedHealth Group's Optum division earned $56.7 billion in total revenue in the third quarter of 2023 — an increase of 22% year over year, according to the company's quarterly financial report. 

TriasMD acquired Pinnacle Surgery Center in Walnut Creek, Calif., according to an Oct. 18 news release. 

Four ASCs in Connecticut have been saved from bankruptcy through a change of ownership, Hartford Business reported Oct. 11.

A medical office building in Upland, Calif., has sold for $8.8 million, according to an Oct. 13 report from REBusiness Online.

Here are three moves regarding Northeastern ASCs that Becker's has reported on since Sept. 28: 

ASCs and hospitals are facing economic challenges as inflation and labor costs soar. 

Sendero Capital and Angelo Gordon have acquired an ASC and outpatient medical building in Torrington, Conn., the Boston Real Estate Times reported Oct. 11.

UC San Diego Health in September got the green light from University of California regents to acquire Alvarado Hospital Medical Center in San Diego from Prime Healthcare.