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.
ASC Transactions & Valuation Issues
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.
New-to-market ASC management and development company SurgNet Health Partners has acquired two ASCs within its first 45 days of funding: Dearborn, Mich.-based Executive Ambulatory Surgery Center and Warren, Ohio-based Lippy Surgery Center.
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A Coral Gables, Fla.-based medical office building originally constructed in 1954 has sold for $18.5 million, according to an Oct. 20 report from ConnectCRE.
Physician-owned hospitals saved $1.1 billion in 2019 compared to traditional facilities, according to a recent report analyzing the cost of 20 of the most expensive conditions for Medicare patients.
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.