ASC Transactions & Valuation Issues

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.

New York City-based Gramercy Surgery Center and ValueHealth are teaming up to expand value-based surgical care access, the companies announced Sept. 16. 

The medical office building market is a niche one, but has attracted increasing interest from investors over the past decade.

Physician practice deals heated up in the first half of the year; private equity firms were the buyer in 63 percent of the second-quarter deals.