ASC Transactions & Valuation Issues

After filing for bankruptcy in October, Rite Aid has since made several moves to close clinic locations and restructure leadership. 

Although the ASC industry is largely fragmented, big players like Tenet Healthcare, HCA Healthcare and Optum are chipping away at ownership as procedures migrate to the outpatient setting. 

Healthcare bankruptcies spiked in 2023 as debt levels and interest rates rose. 

The ASC industry went through a series of megamergers between 2015 and 2018 which reshaped the industry, according to VMG Health's 2024 Healthcare M&A Report published May 7. 

A medical office building in Chandler, Ariz., has sold for $7.3 million, according to a June 15 report from KTAR News.

Here are 10 of the large health systems who have inked deals to acquire hospitals so far in 2024:

Walmart Health announced April 30 that it is closing all 51 of its clinics and shutting down its virtual care options.

A Mercy Health medical office building in St. Peters, Mo., has sold for $3.8 million, according to a June 13 report from REBusiness Online.

Here are five ASCs in California that have been acquired or announced within the last three months, as reported by Becker's since March 5:

A two-story, 6,000-square-foot medical office building in Teaneck, N.J., has sold, according to a June 11 report from roi-nj.com.