A medical office building with a multispecialty ASC in Avondale, Ariz., a suburb of Phoenix, was acquired by Montecito Medical, the real estate company said Dec. 8.
ASC Transactions & Valuation Issues
Rockledge, Fla.-based Health First is investing in a joint venture partnership with Crane Creek Surgery Center and the B.A.C.K. Center, both in Melbourne, Fla., according to a Dec. 7 news release.
Louisville (Ky.) Endoscopy Center was acquired by Flagship Healthcare Trust, the outpatient healthcare real estate investment trust said Dec. 2.
Surgical specialists make more after becoming vertically integrated with hospitals or health systems, according to a Dec. 6 study published in Health Affairs.
Montecito Medical bought a medical building that houses Amherst-based Ambulatory Surgery Center of Western New York, according to a Dec. 6 news release.
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A roundup of ASC purchases making news last month:
The ASC market is currently estimated at $30 billion to $40 billion, according to a Nov. 29 report from Research and Markets.
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.