ASC Transactions & Valuation Issues

Indianapolis-based healthcare real estate firm Cornerstone Companies purchased a portfolio of ophthalmology properties on the West Coast.

First Step Holdings sold a 45,000-square-foot Chicago medical office building housing an ASC, according to a Feb. 7 REJourals report.

Principal Real Estate Investors has purchased a 59,205-square-foot medical office building that houses a surgery center that opened in early 2021, the New England Real Estate Journal reported Feb. 4.

Newport Lido Medical Center, a medical office complex in Newport Beach, Calif., has been sold for $125 million to real estate firm Lionstone Investments, according to Commercial Property Executive.

ASCs Inc., a firm specializing in representing physician-owners who are selling a practice, facilitated the sale of Northridge (Calif.) Surgery Center to a national hospital system.

Private equity firm IRA Capital acquired Naples (Fla.) Surgical Center for an undisclosed amount.

Healthcare services company Surgery Partners and physician enablement company Privia Health Group have partnered to build a physician provider network throughout Montana.

The Newport Lido Medical Center, a two-building complex with an ASC in Newport Beach, Calif., has been sold, JLL Capital Markets, which represented the undisclosed seller, said Feb. 2. 

A large physician group in Florida landed a multimillion dollar investment to accelerate growth.

Dallas-based United Surgical Partners International, a Tenet Healthcare company, is the largest ASC chain in the country with 438 surgery centers.