ASC Transactions & Valuation Issues

Healthcare Realty Trust acquired a medical office building in North Carolina for $11.58 million, the Triad Business Journal reported Feb. 1.

Nashviell, Tenn.-based HCA Healthcare ended 2020 with declining outpatient surgery case volume and two fewer freestanding outpatient surgery centers than in 2019.

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

In December 2020, Dallas-based Tenet Healthcare reached a deal to acquire 45 ASCs from Nashville, Tenn.-based SurgCenter Development for $1.1 billion, intensifying the efforts of major ASC management companies and private equity-backed platforms to drive consolidation in the industry. 

Three large ASC companies added physicians in 2020 during the COVID-19 pandemic.

New York City-based White Oak Healthcare MOB REIT acquired medical office buildings in Ohio and Minnesota, totaling 112,000 square feet, the company announced Jan. 28.

Brentwood, Tenn.-based Surgery Partners aims to sell its previously announced public offering of 7.5 million shares of common stock at $30.25 per share to attempt to raise $226.9 million, the company announced Jan. 28.

Springfield, Mass.-based Baystate Health will close the Baystate Mary Lane Outpatient Center in Ware, Mass., sometime within the next two years, businesswest.com reported Jan. 27.

Walterboro, S.C.-based Coastal Carolina Surgical Specialists and Wilmington (N.C.) Surgical Associates reorganized services in January, StarNews Online reported Jan. 27.

Pasadena, Calif.-based Acuity Eye Group expanded its footprint, acquiring Escondido, Calif.-based Premiere Surgery Center, according to a Jan. 26 news release.