ASC Transactions & Valuation Issues

A medical office building housing the Texas Health Surgery Center in Denton has been acquired by Montecito Medical, the company said Nov. 16. 

A 26,884-square-foot Hollywood, Fla., medical office building housing Elite Plastic Surgery was sold for $12.3 million by 2700 Hollywood Blvd LLC, a company headed by the ASC's practice administrator, according to a Nov. 16 South Florida Business Journal report.

ASCs must charge a fair market value for equity in an ASC, which can be difficult for a newer facility to calculate, Krieg DeVault, a lawyer from Meritas, wrote in a Nov. 12 Lexology article. 

United Surgical Partners International will have 440 ASCs after finalizing the acquisition of SurgCenter Development, further solidifying USPI's spot as the largest ASC chain in the U.S.

St. Louis-based Kadean Construction committed $21 million to a portfolio of nine ASCs completed, in progress, or planned in 2021, according to a Nov. 10 news release.

Nashville, Tenn.-based HCA Healthcare reported strong growth in outpatient revenue and profit in the third quarter of 2021. 

Global Nephrology Solutions has launched an outpatient kidney surgical division with the acquisition of three Arizona ASCs, the physician-led company said Nov. 8.

Dallas-based Tenet Healthcare will acquire SurgCenter Development and its more than 90 ASCs for approximately $1.2 billion, the company said Nov. 8. 

Surgery Partners announced a proposed public offering of 5 million shares.

A medical facility that formerly housed a surgery center has sold for $4.35 million in Fort Myers, Fla.