United Surgical Partners International executives revealed the company is behind on its year-long growth plan in an Oct. 20 third quarter earnings call from Tenet Healthcare, USPI's parent company.
ASC Transactions & Valuation Issues
Agora Realty and Management in Calabasas, Calif., acquired a 75,000-square-foot medical office building in Tarzana, Calif., for $30 million, San Fernando Valley Business Journal reported Oct. 17.
Real estate firm Flagship Healthcare Trust acquired Destin (Fla.) Surgery Center, according to an Oct. 25 announcement in The Destin Log.
Tarzana Medical Plaza, a medical office building in Los Angeles, was acquired for $30 million, ConnectCre reported Oct. 24.
Prime Medicine, a biotechnology company specializing in genetic therapies, has closed on its initial public offering of 10,294,118 shares of stock at $17 per share. Before deducting expenses, the public offering netted Prime Medicine approximately $175M in proceeds.
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National Medical Billing Services has acquired MedTek, an ASC revenue cycle management provider, the company said Oct. 25.
With strong demands in the region, medical office space vacancy rates in Dallas-Fort Worth are more than a percentage point below the five-year average, DMagazine reported Oct. 10.
Dallas-based United Surgical Partners International, a subsidiary of Tenet Healthcare, has added 122 ASCs in the last year, solidifying its position as the largest ASC chain in the country.
Nashville, Tenn.-based HCA Healthcare's outpatient revenue jumped 36.6 percent in the third quarter, according to financial results released Oct. 21.
Cedars-Sinai's 90210 Surgery Medical Center in Beverly Hills, Calif., was named the top ASC in the country by Newsweek's "America's Best Ambulatory Surgery Centers" list, which ranks 510 of the more than 5,000 Medicare-certified ASCs in the country.