ASC Transactions & Valuation Issues

Real estate firm Sanders Capital Partners acquired an ASC in Duluth, Ga., for $2.3 million, Birmingham Business Journal reported Aug. 3. 

A Marion, Ill.-based multispecialty ASC is testing President Joe Biden's executive order to scrutinize and halt acquisitions that would limit competition and increase healthcare prices.

Cleveland Clinic purchased a two-medical building project featuring a surgery center in Port St. Lucie, Fla., for $52.5 million, Business Observer reported July 30. 

Monfort Heights Healthcare Investors has purchased Cincinnati-based Good Samaritan Surgery Center West for $8 million, the Cincinnati Business Courier reported July 29.

Healthcare real estate firm Cornerstone Companies has acquired 12 properties comprising medical office buildings, ASCs and clinics for $48.7 million. 

Minneapolis-based MedCraft Investment Partners acquired Crossroads Professional Building, a physician-owned medical office building in Waterford, Conn., according to a July 27 news release. 

Nashville, Tenn.-based AmSurg is one of the largest ASC developers and has been a key player in the industry for decades. 

Physician-owned hospitals persist despite the 2010 moratorium on inpatient growth for most facilities.

Virginia Pediatric Eye Center’s Chesapeake office was sold for $1.3 million, Inside Business reported July 26. 

An ASC in Baton Rouge, La., was sold for $6.1 million, the Greater Baton Rouge Business Report said July 23.