A new study showed that many total knee arthroplasty procedures shifted to the outpatient setting after CMS removed procedures from its inpatient-only list in January 2018, implying market and financial pressures are encouraging more outpatient care delivery.
ASC Transactions & Valuation Issues
Raleigh (N.C.) Orthopaedic Surgery Center's outpatient total joint program grew by 40 percent in 2020, with the center completing 348 total joint procedures. The center is expected to exceed last year's total in 2021.
Medical office space fared much better than conventional offices during the COVID-19 pandemic as patients aimed to stay away from crowded hospitals, the Los Angeles Business Journal reports.
Charlotte, N.C.-based Metrolina Nephrology Associates is building a 68,000-square-foot medical center with an ASC.
A physician's partnership in El Paso, Texas, sold an orthopedic-focused medical real estate portfolio with an ASC to a medical real estate investment trust for $9.5 million.
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Scottsdale, Ariz.-based Healthcare Trust of America purchased Durham. N.C.-based Duke Medical Plaza for more than $16 million, Triangle Business Journal reported March 29.
Multiple principals of Towson, Md.-based SurgCenter Development were lead investors in biologics company Mesoblast's private placement of $110 million in early March.
Towson, Md.-based SurgCenter Development, one of the biggest ASC development and management companies, has had a busy quarter, acquiring two ASCs so far in 2021.
Health systems, ASC chains and private equity firms are eyeing ASCs as investment targets with high growth potential, and the market is competitive.
La Salle Investment Management acquired a Beverly Hills, Calif., medical office building with ASC for $74.4 million.