ASC Transactions & Valuation Issues

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. 

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.

Poughkeepsie, N.Y.-based Dutchess Ambulatory Surgery Center is expanding and moving to a new location in town, Mid Hudson News reported Oct. 20.

Here are three medical office building transactions totaling $447.7 million that Becker's has reported on since Oct. 12:

Dallas-based United Surgical Partners International, a subsidiary of Tenet Healthcare, reported year-over-year revenue gains in the third quarter, according to financial results released Oct. 20.