Multiple medical office buildings that changed hands in the third quarter of 2019 house surgery centers or physician practices, according to Hammond Hanlon Camp's Medical Office Building Quarterly Update.
ASC Transactions & Valuation Issues
Happy Valley, Ore.-based Mt. Scott Surgery Center has fundraised one-third of its $171,999 equity financing, according to a form D filed Dec. 4 by President Peggy Seidler.
Derby, Conn.-based Griffin Health received a $5,000 donation for its multiphase surgical expansion project, which will include improvements to an ambulatory surgery suite, according to the Valley Independent Sentinel.
Three recent ASC eye practice acquisitions:
Mayo Clinic Health System will close its hospital and emergency department at its Springfield, Minn., and Lamberton, Minn., clinics on March 1, local CBS affiliate WCCO reports.
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'Garden City, N.Y.-based OCLI opened a location in Patchogue, N.Y., Dec. 3, and will staff it with three providers.
Orthopedic Care Partners, backed by private equity firm Varsity Healthcare Partners, affiliated with Florida Spine & Pain, on Dec. 3.
Profitability, consumer trends and physician relationships are some of the top reasons hospitals own ASCs, according to Avanza Healthcare Strategies' 2019 ASC joint venture survey.
A JLL report examined the trends behind the recent healthcare real estate boom, finding that medical office buildings are contributing to the booming outpatient sector, Connect Commercial Real Estate reports.
ASCs are poised to benefit from the consumerization of healthcare and the shift from fee-for-service to value based care, but there are also headwinds to keep in mind, according to Global Healthcare Advisors, an investment bank focused on healthcare mergers…