The Blair Building, a 35,000-square-foot medical office in Richmond, Va., has been acquired by Flagship Healthcare Trust, an outpatient healthcare real estate investment trust.
ASC Transactions & Valuation Issues
Here are four recent ASC and medical office building sales from the last two weeks that totaled nearly $45 million:
Newmark has sold the Cypress Surgery Center in Wichita, Kan., for $15.3 million, the real estate company said April 27.
US Eye, a physician-led multispecialty group, has partnered with Kelly Eye Center, which has five locations throughout greater Raleigh, N.C.
A medical office building in Vero Beach, Fla., was sold for $3.6 million, ConnectCRE reported April 25.
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Healthcare giant Optum, which owns and operates Deerfield, Ill.-based ASC management company Surgical Care Affiliates, is on an acquisition spree. The company has made three multimillion-dollar deals in 2022.
As buyers and sellers are considering a transaction in the ambulatory surgery center (ASC) marketplace, all involved parties must consider and quantify potential revenue impacts as they relate to that ASC’s contracted managed care reimbursement.
Dallas-based United Surgical Partners International, an affiliate of Tenet Healthcare, is the nation's largest ASC chain. As of March 31, the company had an interest in 404 ambulatory surgery centers and 24 surgical hospitals in 34 states.
Optum received clearance to buy a 30-location independent physician organization in Massachusetts after significantly increasing the amount it intends to pay for and invest in the group, according to The Boston Globe.
Dallas-based United Surgical Partners International reported same-facility systemwide growth in the first quarter of 2022, despite cases being canceled due to the omicron variant and intense efforts to integrate newly acquired ASCs from SurgCenter Development.