ASC Transactions & Valuation Issues

Nine ASCs in New York City, the country's largest city, and eight ASCs in Houston, the country's fourth largest city, made Newsweek's "America's Best Ambulatory Surgery Centers," which ranks 510 of the more than 5,000 Medicare-certified ASCs in the country.

A joint venture between AEW Capital Management and Flagship Healthcare Trust has acquired eight ASCs across seven states, the company said in a Nov. 30 news release shared with Becker's. 

As procedures migrate to the outpatient setting, ASC leaders are seeing cardiology and orthopedics as huge opportunities for growth. 

Indianapolis-based Shore Terrace Medical Center's medical office building was acquired under a partnership between Indianapolis-based Urban Growth Capital, BrightPoint Real Estate and Chicago-based North Companies.

The demand for lithotripsy procedures is expected to increase in the coming years. This expected increase is supported by a review of the Global Lithotripsy Devices Market.

An office and medical park in Wayne, N.J., was sold for $22.25 million, roi-nj.com reported Nov. 28.

Loma Starr, a two-building office and medical office property in San Diego, was sold for $7.4 million, REBusiness Online reported Nov. 28.

The healthcare industry is increasingly consolidating as operation costs soar — physicians are migrating to employed models and private practices are being bought up by larger entities. 

Premier Health is opening a 15,000-square-foot medical office building in Xenia, Ohio, according to a Nov. 22 report from the Dayton Daily News. 

A medical office building in Chattanooga, Tenn., has sold to a real estate private equity firm for $7.4 million, Times Free Press reported Nov. 21.