St. Louis-based Ascension saw a $3 billion operating loss in fiscal year 2023, and its sustainability strategy includes selling off major hospitals in their system.
ASC Transactions & Valuation Issues
A 58,000-square-foot medical office building in San Antonio has sold, according to a July 10 report from Commercial Property Executive.
A 37,000-square-foot medical office building in Chula Vista, Calif., was sold for $11.6 million, according to a July 10 report from Commercial Property Executive.
A four-story medical office building has sold in East Sacramento, Calif., doubling in price in just 13 years, according to a July 8 report from the Sacramento Business Journal.
A Florida-based real estate investment firm has purchased six medical office buildings in Greensboro, N.C., for $73 million, according to a July 2 report from the Triad Business Journal.
Advertisement
The outpatient care industry has been active in 2024 with practice closures, clinics changing hands and the development of new centers.
Nearly 2,000 ASCs are now partnered with a national operator — indicative of a shifting ownership landscape in the outpatient space.
While independent ASCs have a steady hold on the market, with 68.1% of centers being freestanding, big chains continue to grow their market share as healthcare continues to consolidate.
As of June 28, all 51 Walmart health centers have closed.
A medical office building in Livingston, N.J., has sold for $13.5 million, according to a July 1 report from roi-nj.com.