ASC Transactions & Valuation Issues

The healthcare merger and acquisition market remained strong in the first quarter of 2022, coming off a record fourth quarter in 2021.

Hospitals and corporate entities continued their buying spree of physician practices last year, which experienced a steep increase after the pandemic set in, according to an April 2022 report from Avalere.

Real estate firm Montecito Medical purchased the building housing St. Joseph (Mo.) Outpatient Surgery Center, REBusiness Online reported April 18.

Big Sky Medical, a real estate investment manager, and Newmark, a real estate advisory and services company, have partnered to create a medical office building portfolio worth $1 billion, Commercial Property Exclusive reported April 18.

HREA | Healthcare Real Estate Advisors advised physician-owners in the recent sale of a multispecialty ASC in Anna, Texas, the real estate company said April 14. 

Here are five medical office building acquisitions in the last two weeks totaling $142 million: 

Optum revenue jumped nearly 19 percent in the first quarter to $43.3 billion, partially driven by the success of Optum Health, the company's physician-focused division.

JLL Income Property Trust has acquired the Sugar Land (Texas) Medical Plaza for $18.4 million, the company said April 12. 

Retina Consultants of America has reached 25 overall partnerships.

Despite an ongoing materials and labor shortage, 9 million square feet of medical office space is expected to open in 2022, according to a report by real estate services firm Marcus & Millichap.