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.
ASC Transactions & Valuation Issues
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.
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:
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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.
Healthcare Real Estate Advisors sold an ASC in Odessa, Fla., the company said Oct. 13.
A medical office building in Chesterfield, Mo., housing the Pepose Vision Institute and MidAmerica Surgery Center has been acquired by Bain Capital Real Estate and Evergreen Medical Properties, the St. Louis Business Journal reported Oct. 11.