CIT, First Citizens Bank's commercial banking division, funded the $39.3 million acquisition of seven medical office buildings by Texas-based private equity firm Ridgeline Capital Partners.
ASC Transactions & Valuation Issues
Here are six moves from CVS Health since Sept. 21:
Houston, Mo.-based Texas County Memorial Hospital has been approved for more than $2.3 million in federal and state funding for a new ASC, Ozark Radio News reported Oct. 15.
Optum's third-quarter revenue is up 17 percent from the same quarter last year, reaching $46.6 billion, according to financial results released Oct. 14 by parent company UnitedHealth Group.
Here are three key moves by Optum, parent company of ASC chain SCA Health, in the third quarter:
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A 60,000-square-foot medical office building in Kannapolis, N.C., has been acquired, REBusiness Online reported Oct. 12.
Three medical office buildings in Akron, Ohio, were sold for $8.46 million by healthcare real estate firm Fairfield Advisors.
As an industry built on independent centers, the ASC market has remained fragmented amid increasing healthcare consolidation.
Though healthcare consolidation has been on the upswing, not everyone views the trend favorably, according to the Medical Group Management Association's "Annual Regulatory Burden Report."
A portfolio of 11 medical office buildings has been acquired by GFH Financial Group, an investment bank in Bahrain, in a $400 million deal, thenationalnews.com reported Oct. 11.