ASC Transactions & Valuation Issues

On Jan. 4, management services organization Compass Surgical Partners announced a joint venture with Jacksonville, Fla.-based Baptist Health to launch a network of ASCs. This is one of several joint ventures Compass has secured in the last year as it…

Optum's 2023 deals included health systems, physician groups, technology groups and Uber. 

Big Sky Medical has acquired a $46 million medical office building in Phoenix, Ariz., according to a Jan. 4 report from the Commercial Property Executive. 

Jacksonville, Fla.-based Baptist Health has partnered with ASC management organization Compass Surgical Partners to launch a network of ASCs that will be branded as Horizon Surgery Center. 

The West Palm Medical Plaza medical office building in West Palm Beach, Fla., has sold for $8.3 million, according to a Jan. 3 report from REBusiness Online.

Optum, parent company of ASC chain SCA Health, is eyeing the acquisition of the physician-owned Corvallis (Ore.) Clinic, according to a Dec. 28 notice from the Oregon Health Authority. 

Hospitals continue to face financial headwinds heading into 2024, and some are closing clinics or reducing outpatient services as a result.

Here are three major updates since Nov. 17 from Dallas-based Tenet Healthcare, parent company of ASC chain United Surgical Partners International, the largest ASC chain in the country. 

Nashville, Tenn.-based HCA Healthcare has more than 150 ASCs, making it the fourth-largest outpatient surgery center operator nationwide. 

A recently constructed medical office building in Alamo Heights, Texas, has filled up following the addition of four new physician practice tenants, according to a Dec. 18 report from the San Antonio Business Journal.