ASC Transactions & Valuation Issues

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. 

From Ohio to Phoenix, medical office building deals have sprung up in the first months of 2021. Here are 16 MOB deals in the first quarter so far:

Jamie Heater, RN, Compass Surgical Partners' vice president of facility development, and Will Holding, Compass' vice president of development, joined the "Becker's Spine & Orthopedics Podcast" to outline how patient education can be critical in doing more complex outpatient procedures. 

Medical group practice and surgical center closures and sales in 2021:

Deerfield, Ill.-based Surgical Care Affiliates grew steadily in 2020 despite pandemic setbacks. Three months into 2021, the company has already acquired several new ASCs and plans to add more in the coming months. 

Since 2004, Brentwood, Tenn.-based Surgery Partners has managed surgery centers throughout the U.S. In 2021, they plan to go on the offensive and capitalize on the addressable market.