ASC Transactions & Valuation Issues

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.

JLL Income Property Trust acquired a medical office building with an ASC in Richmond, Va., for about $52 million, the company said Sept. 16. 

Southlake, Texas-based Retina Consultants of America added Tennessee Retina to its network, Edgemont Partners, the firm that advised the transaction, said Sept. 15.

Annapolis, Md.-based Vision Innovation Partners completed its 19th acquisition with the addition of Ophthalmic Associates to its network, the company said Sept. 16.