Private equity investors were highly active in the healthcare space to close out 2019, according to a quarterly report from Provident Healthcare Partners.
ASC Transactions & Valuation Issues
Arlington-based Texas Health Resources became the sole tenant of a 17,000-square-foot medical office building in the Dallas-Fort Worth area, Bisnow reports.
Here are 12 updates on ASC companies and industry-relevant companies to note:
Hartford (Conn.) HealthCare plans to move Southington (Conn.) Surgery Center to Cheshire, Conn., in spring 2021, according to myrecordjournal.com.
Baptist Health Lexington (Ky.) acquired Kentucky Surgery Center, forming a new venture called Baptist Health Surgery Center, according to The Lane Report.
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Beaumont Hospital Grosse Pointe (Mich.) will expand its surgery center through a $19 million project that will increase the size of its operating rooms, Crain's Detroit Business reports.
HCA Healthcare reported it had 123 freestanding outpatient surgery centers at the end of 2019, showing no growth over the previous year.
A California medical office building with a fully built-out surgery center was bought for $4.2 million, according to REBusiness Online.
Wauwatosa-based Froedtert and the Medical College of Wisconsin moved the West Bend (Wis.) Health Ambulatory Surgery Center to a different campus in August 2019, Washington County Insider reports.
Central Palm Beach Surgery Center in West Palm Beach, Fla., filed for bankruptcy on Jan. 28.