Mid-Town Surgery Center in Houston has been sold, according to Colliers, the investment management company representing the seller.
ASC Transactions & Valuation Issues
Vail-Summit (Colo.) Orthopaedics & Neurosurgery acquired Gunnison, Colo.-based Alpine Orthopaedics & Sports Medicine and became the majority owner of Gunnison-based Alpine Surgery Center, the company said Sept. 22.
JLL Income Property Trust acquired a medical office building with an ASC in Richmond, Va., for about $52 million, the company said Sept. 16.
Southlake, Texas-based Retina Consultants of America added Tennessee Retina to its network, Edgemont Partners, the firm that advised the transaction, said Sept. 15.
Annapolis, Md.-based Vision Innovation Partners completed its 19th acquisition with the addition of Ophthalmic Associates to its network, the company said Sept. 16.
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New York City-based Gramercy Surgery Center and ValueHealth are teaming up to expand value-based surgical care access, the companies announced Sept. 16.
The medical office building market is a niche one, but has attracted increasing interest from investors over the past decade.
Physician practice deals heated up in the first half of the year; private equity firms were the buyer in 63 percent of the second-quarter deals.
President Joseph Biden attacked anticompetitive acquisitions earlier this year with an executive order to crack down on them, and the U.S. Justice Department plans to follow suit.
New York City-based investment firm KKR and Indianapolis-based healthcare real estate firm Cornerstone are partnering to buy more than $1 billion in real estate assets over the next few years.