ASC Transactions & Valuation Issues

Surgery Partners has started off the year strong, seeing big financial gains.

Here are 10 medical office buildings that changed hands occurred in the Southern U.S., as reported by Becker's since March 11: 

Though the ASC market is increasingly consolidating, the majority of surgery centers are independent.

Rural health clinic McCurtain Memorial Urgent Care - Hochatown near Broken Bow, Okla., closed April 28. 

While there were no notable mega-mergers in the ASC industry in 2023, there was transaction activity by multi-site operators and health systems, according to VMG Health's 2024 Healthcare M&A Report published May 7. 

Physician group deal volume remained at high levels in 2023, according to VMG Health's 2024 Healthcare M&A Report published May 7. 

A medical office building in Hanover Township, Pa., has been sold for $6.6 million, according to a May 7 report from WFMZ.

Real estate investor Cypress West Partners has made its first medical office building purchase as part of a new joint venture with global investment manager TPG Angelo Gordon.

Rite Aid has shuttered more than 520 locations since it filed for Chapter 11 bankruptcy in October, Bloomberg reported May 3. 

Nashville, Tenn.-based HCA Healthcare, owner of the largest ASC chains in the country, posted $1.8 billion in income and $17 billion in revenue in the first quarter of 2024, according to the company's earnings report published April 26.