ASC Transactions & Valuation Issues

Medical Facilities Corp., owner of four surgical hospitals and an ASC, released its fourth- quarter 2019 financial results, showing an increase in surgical cases and revenue compared to the year prior.

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

Quincy (Ill.) Medical Group's newly opened cancer center is reinvigorating the Quincy Mall, local NBC affiliate WGEM reports.

Concord Township, Ohio-based Lake Health is seeking a strategic partner to promote clinical and technical innovation throughout the health system, the Cleveland Plain Dealer reports.

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.