ASC Transactions & Valuation Issues

Sight Growth Partners has expanded its services into Pennsylvania with the merger of four ophthalmology practices in its network.

Physician-owned Ambulatory Surgery Center of Western New York sold a majority stake to Catholic Health.

Private equity-backed Vision Innovation Partners acquired Northeastern Eye Institute, Standard Speaker reported Aug. 19. 

Two health systems have recently acquired ASCs, signaling an accelerating trend of consolidation. 

Chicago-based Pinnacle Dermatology acquired physician-owned Dermatology Associates and Skin Surgery Center, the company said Aug. 17. 

Southern California private equity firm IRA Capital acquired Wauwatosa Surgery Center near Milwaukee, the firm said in a statement Aug. 16. The 11,200-square-foot facility provides outpatient services including anesthesiology, general surgery and orthopedic surgery.

The Wake Forest Baptist Health Surgery Center in Winston-Salem, N.C., sold for $9.6 million, according to Fairfield Advisors, a real estate firm who facilitated the sale. 

Blue Cross Blue Shield of Michigan added a physician management services business to its portfolio in early August, following a trend of insurance companies seeking to partner with or employ physician groups to keep them independent of hospitals.

The ongoing pandemic and newer COVID-19 surges nationwide have shifted longterm growth plans for many ASCs.

Ten July ASC acquisitions to know: