ASC Transactions & Valuation Issues

Cleveland Clinic sold its outpatient facility in Mansfield, Ohio, to FG MC II Mansfield for $8.1 million. The transaction is part of the health system’s strategy to transition outpatient sites from ownership to long-term leasing, aimed at reducing expenses and…

Private equity firm Revelstoke Capital Partners has acquired Griffin Concierge Medical, a physician-owned, membership-based practice in Tampa, Fla., according to a Sept. 30 news release from TM Capital, the investment bank that advised on the deal. Founded in 2008, Griffin…

CVS Health subsidiary Omnicare has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Northern District of Texas following a nearly $1 billion federal judgment and mounting financial pressures. Here are five things to know: 1. Omnicare…

A Paramus, N.J., clinic and its operator were ordered to halt all operations after a judge issued a temporary injunction against a man accused of posing as a physician, Morristown Minute reported Sept. 29.  What happened? 

From artificial intelligence to insurance hurdles straining patient care, nine physicians joined Becker’s to discuss the biggest disruptor affecting physicians right now.  Question: Which new disruptor (technological, regulatory or economic) do you feel is most affecting the physician experience right…

Here’s what five ASC leaders have told Becker’s recently about how they are approaching joint ventures today, what pitfalls they see and where the opportunities lie. Jennilee Caffey. Regional Administrator, Baylor Scott & White Sports Surgery Center, The Star (Frisco,…

Here are four recent updates from CVS Health: 1. CVS Health subsidiary Omnicare has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Northern District of Texas. The filing follows both broader financial difficulties and a July…

Allegheny Health Network is closing a primary care practice in New Kensington, Pa., Trib Live reported Sept. 24. Mark Kerr, a member of Teamsters Local 30, told the publication the closure will affect more than 3,000 patients and 12 employees.…

Independent physician practices are rapidly disappearing as hospitals, insurers, corporate entities and private equity firms expand their reach, according to a new Government Accountability Office report. Here are 10 key statistics from the report: 1. At least 47% of physicians…

Affiliation models play a major role in whether procedures are performed in higher-cost hospital outpatient departments for lower-cost settings like ASCs and office-based settings, according to a study published in Journal of Market Access and Health Policy. The study analyzed…