ASC Transactions & Valuation Issues

An investment bank based in Bahrain has acquired 11 medical office buildings in the U.S. in a $200 million deal.

The building housing Lakeshore Eye Surgery Center in St. Clair Shores, Mich., was sold, according to a Nov. 26 LinkedIn post.

St. Louis-based EyeCare Partners finalized its $600 million purchase of Cincinnati-based CEI Vision Partners, the company said in a Nov. 23 news release.

Montecito Medical has acquired a medical building housing the Texas Digestive Disease Consultants in Sherman, Texas, the medical real estate company said Nov. 23.

One Scottsdale (Ariz.) Surgery Center has purchased three lots for $2.1 million, Peoria Times reported Nov. 22. 

United Surgical Partners International, Surgery Partners and HCA Healthcare are three of the largest ASC chains in the U.S. 

A medical building with an ophthalmology ASC in West Springfield, Mass., has been acquired by Montecito Medical, the medical real estate company said Nov. 19. 

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.