ASC Transactions & Valuation Issues

Surgery Partners reported revenue increases in the fourth quarter and full year of 2019.

Lewisville (Texas) Surgery Center was relicensed and renovated.

Banner Health's Banner Surgery Center-University — which opened 50 years ago in Phoenix under the name Surgicenter — is moving to a larger facility with eight operating rooms.

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

Real estate investment trust Physicians Realty Trust grew its revenues to $107.4 million in the fourth quarter of 2019, a 2 percent year-over-year increase. 

Physicians Realty Trust acquired Murdock Surgery Center in Port Charlotte, Fla., in the fourth quarter of 2019, according to its most recent financial results.

The Houston building housing Binz Surgery Center and other healthcare tenants was refinanced, according to the Houston Chronicle.

Medical Facilities Corp., reached a deal to sell the majority of its stake in Mishawaka, Ind.-based Unity Medical and Surgical Hospital to a group of physician investors.

Tenet Health released its financial results for the fourth quarter of 2019, showing growth for its ASC-focused subsidiary United Surgical Partners International, and Conifer, its revenue cycle and value based care services arm.

A pair of investors paid $6.1 million for a surgery center-anchored medical office property in Raleigh, N.C., Triangle Business Journal reports.