ASC Transactions & Valuation Issues

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.

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.

Irvine, Calif.-based private equity firm IRA Capital has acquired Serra Medical Plaza in Thousand Oaks, Calif.

The Modesto (Calif.) Surgery Center has been sold to an ASC management company and a group of surgeons.