ASC Transactions & Valuation Issues

Physician practices were the most common targets for investors in January as buyers anticipate a rebound in patient volumes as COVID-19 cases decline, according to a Feb. 22 report from Bloomberg Law.

Here are 11 updates on ASC companies and industry-relevant companies to note: 

Phoenix-based OrthoArizona sold its medical office building and ASC real estate in a multimillion-dollar transaction facilitated by Fairfield Advisors, a national healthcare real estate advisory firm.

Franklin, Tenn.-based Community Health Systems has sold 121 hospitals over the last six years and is nearing the end of a multiyear divestiture plan, and at the same time, the system has invested heavily into the outpatient space, the Nashville…

Artemis Real Estate Partners acquired a 10-property medical office building portfolio across six states, REjournals reported Feb. 19.

As ASCs are recovering from a tumultuous 2020, the industry remains strong, and management companies have a positive outlook on the coming months.

Physicians Foundation released a survey in July of around 3,500 physicians and found 8 percent closed their offices in 2020. Four percent more reported plans to shutter in the future.

Warren Buffett's company, Berkshire Hathaway, has increased its investment in Denver-based DaVita Kidney Care, a chain of kidney care centers, according to a recent Securities and Exchange Commission filing.

Here are three updates on ASC companies over the past week:

ASC industry leaders expect more consolidation in the coming years as the cost and risk of owning independent centers increases. How often will the buyer be a payer?