ASC Transactions & Valuation Issues

Grand Blanc, Mich.-based McLaren Health Care finalized its agreement to absorb Maumee, Ohio-based St. Luke's Hospital, local NBC affiliate 24 News reports.

Medical Facilities Corp., a surgical facilities owner, reported second quarter revenue dropped amid the pandemic but government stimulus offset some of the losses.

Secaucus, N.J.-based Hudson Regional Hospital purchased the land Bayonne (N.J.) Medical Center sits on for $76 million, but who will operate the hospital going forward remains disputed, HudsonReporter.com reports.

Worcester, Mass.-based Eastern Medical Center — a medical office building housing a surgical center — was sold for $5.45 million, according to telegram.com.

Kalamazoo, Mich.-based Ascension Borgess Hospital completed its surgery center expansion, according to AVB, a regional construction and development firm involved in the project.

Here's how Dallas-based Tenet Healthcare, Nashville, Tenn.-based HCA Healthcare and Nashville-based Surgery Partners' shares have fluctuated over the last five days.

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

Nashville, Tenn.-based Surgery Partners posted a 15.9 percent decrease in revenue for the second quarter of 2020, but company leaders touted its long-term growth prospects and said future projections were trending up. 

Seven medical office buildings were sold in July.

Nashville, Tenn.-based Surgery Partners posted a 15.9 percent decrease in revenue for the second quarter of 2020, attributable to the COVID-19 pandemic and delays around elective procedures.