Minneapolis-based MedCraft Investment Partners acquired Crossroads Professional Building, a physician-owned medical office building in Waterford, Conn., according to a July 27 news release.
ASC Transactions & Valuation Issues
Nashville, Tenn.-based AmSurg is one of the largest ASC developers and has been a key player in the industry for decades.
Physician-owned hospitals persist despite the 2010 moratorium on inpatient growth for most facilities.
Virginia Pediatric Eye Center’s Chesapeake office was sold for $1.3 million, Inside Business reported July 26.
An ASC in Baton Rouge, La., was sold for $6.1 million, the Greater Baton Rouge Business Report said July 23.
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Dallas-based United Surgical Partners International, part of Tenet Healthcare, continued its steep growth trajectory in the first half of 2021.
ASCs got a regulatory boost in early July when President Joe Biden signed an executive order scrutinizing healthcare mergers, noncompete agreements and the secrecy surrounding costs for care.
Dallas-based United Surgical Partners International, a subsidiary of Tenet, reported large year-over-year revenue gains in the second quarter after temporarily limiting surgical case volume in the second quarter of 2020 during the COVID-19 pandemic.
The COVID-19 pandemic, infection levels and the increase in CMS outpatient procedure approval has left the ASC industry prime for growth.
Nashville, Tenn.-based HCA Healthcare reported an increase in both total outpatient surgeries and patient revenue from its outpatient facilities in the second quarter of 2021.