Brentwood, Tenn.-based Surgery Partners' adjusted earnings before interest, taxes, depreciation and amortization jumped 32.3 percent in 2021 over the prior year period, to $339.6 million.
ASC Transactions & Valuation Issues
HonorHealth was approved to purchase a $3.43 million plot of land in Peoria, Ariz., to build an ambulatory medical campus, Peoria Times reported Feb. 25.
ASCs Inc. and JH Winokur closed the sale of Avala Surgical Hospital in Covington, La., according to a Feb. 23 news release.
Three ASC transactions since Feb. 17 have totaled $118 million:
Capital Digestive Care has signed a transaction with Gastroenterology, Ltd. of Virginia Beach (Va.), adding two more offices to its portfolio, according to a Feb. 23 news release shared with Becker's.
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A medical office building housing an ASC in Vidalia, La., was sold for $13.3 million, Capital Real Estate Group, which represented the seller, said Feb. 23.
Healthcare deals are heating up as costs rise to provide healthcare services without a similar increase in pay. The Federal Trade Commision is keeping a close eye on industry transactions to halt any anticompetitive behavior.
Montecito Medical Real Estate has purchased a medical office building in Virginia Beach, Va., for $21 million, Virginia Business reported Feb. 17.
The "shopping era" of healthcare and new price transparency requirements give patients more power than ever, a pairing that could leave ASCs poised for growth.
Private equity firm IRA Capital landed $80.7 million in financing from First Citizens Bank for ASC property acquisitions in Florida and Louisiana.