ASC Transactions & Valuation Issues

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

Surgery centers are canceling elective surgeries or imposing visitor limits in response to the COVID-19 pandemic. 

Charlottesville, Va.-based Anchor Health Properties acquired a medical office building with an ASC in Ellicott City, Md., through its co-managed healthcare fund, the company announced March 23.

Stocks continue to be tumultuous as most companies take a beating in response to the COVID-19 pandemic.

Florida Gov. Ron DeSantis used an executive order to delay all elective surgeries in the state March 20 to combat the spread of COVID-19, the Pensacola News Journal reports.

Fayetteville, Ark.-based North Hills Surgery Center suspended operations March 20 to combat the COVID-19 pandemic, CBS affiliate 5 News reports.

Pittsburgh-based UPMC will close its ASCs and other outpatient locations to protect staff and save protective equipment to combat the COVID-19 pandemic, the Pittsburgh Post-Gazette reports.

Sen. Ted Cruz, R-Texas, introduced a bill on March 19 that would allow physician-owned hospitals to expand their facilities in the wake of the coronavirus pandemic, according to Bloomberg Government.

Surgery centers are canceling elective surgeries or imposing visitor limits in response to the COVID-19 pandemic. 

The physician shareholders of Connecticut Orthopaedic Specialists want to transfer their surgery center ownership interest to Hartford (Conn.) Health Care Surgery Center Holdings, according to a March 9 document from the Connecticut Office of Health Strategy.