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.
ASC Transactions & Valuation Issues
White Oak Healthcare made its first acquisition in Nevada, a medical office building in Henderson, for $18.8 million, Commercial Property Executive reported Feb. 2.
Healthcare Realty Trust acquired a medical office building in North Carolina for $11.58 million, the Triad Business Journal reported Feb. 1.
Nashviell, Tenn.-based HCA Healthcare ended 2020 with declining outpatient surgery case volume and two fewer freestanding outpatient surgery centers than in 2019.
Here are 11 updates on ASC companies and industry-relevant companies to note:
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In December 2020, Dallas-based Tenet Healthcare reached a deal to acquire 45 ASCs from Nashville, Tenn.-based SurgCenter Development for $1.1 billion, intensifying the efforts of major ASC management companies and private equity-backed platforms to drive consolidation in the industry.
Three large ASC companies added physicians in 2020 during the COVID-19 pandemic.
New York City-based White Oak Healthcare MOB REIT acquired medical office buildings in Ohio and Minnesota, totaling 112,000 square feet, the company announced Jan. 28.
Brentwood, Tenn.-based Surgery Partners aims to sell its previously announced public offering of 7.5 million shares of common stock at $30.25 per share to attempt to raise $226.9 million, the company announced Jan. 28.
Springfield, Mass.-based Baystate Health will close the Baystate Mary Lane Outpatient Center in Ware, Mass., sometime within the next two years, businesswest.com reported Jan. 27.