ASC Transactions & Valuation Issues

A roundup of ASC purchases making news this month:

Boston-based Bain Capital Real Estate and Denver-based Evergreen Medical Properties acquired real estate in St. Louis featuring an ASC and an eye practice, the companies said Oct. 5. Financial details of the joint venture acquisition were not disclosed.

Sarasota, Fla.-based multispecialty practice U.S. Eye is partnering with Chesapeake, Va.-based Center for Visual and Surgical Excellence and Elizabeth City, N.C.-based Albemarle Eye Center and Precision Eye Care, the company said Oct. 5.

Physicians Realty Trust, a healthcare real estate company, has purchased HonorHealth's newly built medical office building in Phoenix for $31.75 million, according to the Phoenix Business Journal.

Montecito Medical acquired a medical office building housing a surgery center in Arlington, Texas, the company said Sept. 30.

Flagship Healthcare Trust, a Charlotte, N.C.-based outpatient healthcare real estate investment company, has acquired a surgery center with seven operating rooms in Wilmington, N.C.

Leawood, Kan.-based ValueHealth is one of the largest ASC companies, with more than 3,000 affiliated physicians. 

Cleveland Clinic operates 19 hospitals with nearly 5,200 staffed beds and posted a $1.3 billion net income through the first half of 2021. 

Mid-Town Surgery Center in Houston has been sold, according to Colliers, the investment management company representing the seller. 

Vail-Summit (Colo.) Orthopaedics & Neurosurgery acquired Gunnison, Colo.-based Alpine Orthopaedics & Sports Medicine and became the majority owner of Gunnison-based Alpine Surgery Center, the company said Sept. 22.