ASC Transactions & Valuation Issues

The Federal Trade Commission’s consent order requiring Ascension to divest seven ASCs before closing its $3.9 billion acquisition of Amsurg was designed to preserve local competition in five states. Whether it will actually accomplish that is a different question, and…

National Real Estate Advisors recently acquired a medical campus with an ASC and medical office building in Great Falls, Mont., Institutional Real Estate reported June 12. The 244,520-square-foot campus is made up of several buildings serving as a healthcare hub…

Stapley Medical Center, a two-building medical office campus in Mesa, Ariz., has been sold for $48 million, according to a June 10 report from Connect CRE.   The 181,710-square-foot center is anchored by HonorHealth, Abrazo Healthcare and BlueCross BlueShield. RX Health…

The physician workforce is not just shrinking, it is redistributing.  The U.S. faces a projected shortage of 86,000 physicians by 2036, according to the Association of American Medical Colleges, but the shortage is not evenly distributed. Florida, Texas and the…

South Carolina’s last major independent multispecialty physician group is no longer independent. On March 3, Charleston-based MUSC Health finalized the $111 million acquisition of Palmetto Primary Care Physicians, the state’s largest independent multispecialty practice. The Medical University Hospital Authority board…

Minneapolis-based University of Minnesota, Fairview Health Services and University of Minnesota Physicians have finalized agreements that will shape the next 10 years of the organizations’ partnerships. The deal comes after months of negotiations in the wake of what some physicians…

Chicago-based Northwestern Medicine has acquired an outpatient center in Oak Brook, Ill., for $58 million, converting its role from tenant to owner of the facility, according to a June 8 CoStar report. An affiliate of the health system purchased the…

Physician practice valuations have come down from their COVID-19 pandemic-era peak, but the market is still active and PE remains the dominant buyer. Here is what the current data shows. 1. The headline multiple has compressed, but remains historically high…

The Oregon Clinic has merged with Broadway Medical Clinic, a nearly 90-year-old practice in Portland, creating one of the state’s largest physician-owned practices while remaining independent, according to a June 8 news release. Broadway Medical Clinic, now operating as The…

While the financial headwinds battering healthcare are not new, some independent physician groups are blazing their own trail out of penury and debt toward financial solvency.  Three recent cases map the emerging playbook for physician practice distress resolution. Here’s a…