ASC Transactions & Valuation Issues

The Musculoskeletal Institute of Tyler (Texas), a medical office building with an ASC, was sold to Montecito Medical Real Estate.

The Elko (Nev.) City Council is scrapping a plan to acquire a building near city hall so a health system can have a chance to buy it instead, according to the Elko Daily Free Press.

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

Texas was among the states that experienced the most ASC growth in 2019. Here, representatives of the Texas Ambulatory Surgery Center Society explored what makes the state great for ASCs and offered insights into the future of the market.

Nashville, Tenn.-based Covenant Surgical Partners announced on Jan. 21 that it is shifting its strategy from an ASC-focused company to a physician services company, and it has a new partnership to underscore the change.

A number of New York hospitals are betting on surgery center projects and physician group integrations to maximize their profits and income in 2020, Buffalo Business First reports.

Last year, Optum revenues jumped 11.5 percent, reaching $113 billion. OptumHealth revenues were up 26 percent to $30.3 billion, led by OptumCare, which includes Surgical Care Affiliates.

Leawood, Kan.-based NueHealth acquired minority ownership in Paoli (Pa.) Surgery Center and assumed the facility's day-to-day management in late 2019, according to a press release.

Healthcare and life sciences deal activity was up 40 percent year over year in November 2019, according to the 2020 KPMG Healthcare and Life Sciences Investment Outlook survey.

Here are three joint-venture ASCs opened or announced in December: