ASC Transactions & Valuation Issues

New Jersey experienced significant medical real estate activity in August.

Giant companies like Amazon, CVS Health, Walgreens and Walmart are all looking to primary care and physicians amid an increasingly consolidating industry. 

The Cherry Hill (N.J.) Office Center , a 185,000-square-foot office complex with five buildings, was sold by Lakewood Equity for $21.4 million, according to an Aug. 26 report from Commercial Property Executive.

A medical office building in Fair Lawn, N.J., has been sold, roi-nj.com reported Aug. 26.

The ASC industry, like the rest of the healthcare industry, is increasingly consolidating amid rising operating costs. 

Here are five physician practice and ASC closures in the last year:

A four-building medical office portfolio in northern Kentucky and southern Indiana was acquired by Montecito Medical, RE Journals reported Aug. 25.

A four-building medical office portfolio has been bought for $134.8 million, Commercial Property Executive reported Aug. 24.

Becker's ASC Review has reported on X medical real estate deals since the beginning of August, including one in New York and one in Chicago.

Physician staffing firm Envision Healthcare, parent company of ASC company AmSurg, had its revenue fall again in the second quarter of this year, Bloomberg reported Aug. 23.