A Nashville, Tenn., medical office building housing an oral and facial surgery center sold for $8 million, according to an Oct. 21 report in the Nashville Post.
ASC Transactions & Valuation Issues
ValueHealth acquired the Surgery Center of Lancaster (Pa.), the company said Oct. 19 in a news release.
Wabash, Ind.-based eye care chain Midwest Eye Consultants has secured investment from New York City-based private equity investment firm Sentinel Capital Partners, according to a news release.
A Washington, D.C.-based real estate investment company acquired 10 properties from the Department of Veterans Affairs, including ASCs, for $635.6 million through a joint venture, Easterly Government Properties said Oct. 13.
A Nashville, Tenn.medical office building housing Southern Endoscopy Center, a gastroenterology ASC, has sold for $8.65 million, according to The Nashville Post.
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Optum reported a 13.9 percent increase in third-quarter revenue in its third-quarter results released Oct. 14.
Here are three pivotal transactions and what they mean for the ASC industry at large:
A medical condo in Mesa, Ariz., was sold for nearly $2 million, with plans to convert the facility into an ASC.
Investment group NAI Partners sold an ASC in Marble Falls, Texas, for $7 million, Ryan McCullough, the company's senior vice president, said Oct. 13.
The COVID-19 pandemic has exacerbated existing financial challenges for healthcare providers, leaving some to file for bankruptcy since the pandemic's onset.