ASC Transactions & Valuation Issues

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. 

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.