Buffalo, N.Y.-based Kaleida Health System is closing an ASC that has been in operation for more than 35 years, Buffalo News reported Sept. 11. According to the report, the system plans to close the Millard Fillmore Surgery Center Oct. 1.…
ASC Transactions & Valuation Issues
Fengate Asset Management acquired 24 medical outpatient facilities from a major U.S. nonprofit health system under a sale-leaseback agreement, adding more than 900,000 square feet of medical space across two states, according to a Sept. 11 news release, from the…
Richmond, Va.-based VCU Health purchased a four-story, 109,000-square-foot office building in the city’s Stony Point area for $16 million. The property adds to the system’s nearby holdings, which include the VCU Medical Center and its Plastic and Reconstructive Surgery Center,…
Fisherville, Va.-based Augusta Medical Group linked plans to consolidate three locations. Here are five things to know: 1. Augusta Medical Group is consolidating three care sites: Buena Vista Primary Care, Churchville Primary Care and Weyers Cave Urgent Care. Augusta Medical…
Provo, Utah-based Revere Health, an independent multispecialty physician group, plans to lay off 177 employees, according to a Utah WARN notice. The notice is dated for Nov. 3, and comes after Revere Health moved to partner with Dallas-based IKS Health,…
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Independent physicians face steeper challenges than ever before in ASC development. Raleigh, N.C.-based Compass Surgical Partners, an ASC company that has built more than 250 centers over the past 30 years, is now working to address those pressures head-on. Mark…
For Raleigh, N.C.-based Compass Surgical Partners, the key to ASC success is not scale alone. It is independence, intentional partnerships and agility. Independent physicians are on the decline, and staying independent is more difficult than ever. Small groups often struggle…
A multispecialty ASC in Panama City, Fla., leased by SCA Health, has been sold, according to a news release shared with Becker’s. The 15,255-square-foot facility, Northwest Surgery Center, includes three operating rooms, two procedure rooms, pre- and post-operative recovery areas,…
As consolidation accelerates, regulations tighten and financial pressures mount, ASC leaders are rethinking how ownership structures can support long-term sustainability. Four ASC leaders joined Becker’s to discuss what immediate change they would make to today’s ownership landscape, and why it…
Joint ventures with hospitals and health systems have become an increasingly important tenet of ASC growth and development, as the demand for outpatient surgery rises and the market becomes more competitive. Here are three trends shaping the way that ASC…