ASC Transactions & Valuation Issues

The Medical Center of Tomball (Texas) has been purchased for $24.6 million, according to a June 15 report from ConnectCRE.

Here is where five major ASC chains are focused on growth in 2023, ordered by number of ASCs:

Tenet Healthcare, parent company of ASC chain United Surgical Partners International, ranked 215th on the 69th Fortune 500, released June 5. 

Cincinnati Children's Hospital has purchased a medical office building near its Avondale, Ohio-based campus for just under $2.2 million, according to a June 14 report from the Cincinnati Business Courier. 

Article was reposted with permission from ECG Management.  Ambulatory surgery centers (ASCs) have consistently been a source of strong merger and acquisition (M&A) deal activity over the last decade. As ASC management companies, health systems, and private equity (PE) firms…

A surgical company acquired a surgery center in Hackensack, N.J., for $3.7 million, roi-nj.com reported June 13.

Medical real estate investment firm Montecito Medical has acquired the Northway Surgery and Pain Center property in Halfmoon, N.Y., for $5.5 million, according to a June 13 report from the Albany Business Review.

 United Surgical Partners International and SCA Health rank No. 1 and No. 2, respectively, as ASC the companies with the most surgery centers.

Buffalo, N.Y.-based Catholic Health has announced a reconfiguration plan that will expand its ASC presence in Western New York, according to a June 12 report from the Lockport Union-Sun & Journal.

The city of Knoxville, Tenn., has invested $70 million to convert a series of buildings into a new public safety complex. Part of the renovation will involve converting the 25,000-square-foot St. Mary's ASC into an urgent care and behavioral health…