Greenfield, Mass.-based Baystate Franklin Medical Center's fundraising arm donated the final $40,000 contribution to pay off the hospital's $26 million surgery center project, local news affiliate 22 News reports.
ASC Transactions & Valuation Issues
Saint Thomas Midtown (Tenn.) Hospital is building a more than 100,000-square-foot hospital inside its current hospital that will include a surgery center, the Nashville Business Journal reports.
Facing financial hardship and competitive pressures, the Children's Institute of Pittsburgh plans to close two of its five outpatient centers and furlough six employees by the end of the year, the Pittsburgh Post-Gazette reports.
VMG Health released its 2019 biannual physician alignment tips and trends report, outlining topics in joint ventures, physician salary and more.
The University of Illinois at Chicago will soon begin to develop the Bruno and Sallie Pasquinelli Outpatient Surgery Center after the couple donated $10 million to UIC.
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Work is progressing on the Steamboat Springs-based Steamboat Surgery Center, which will be housed in a former Sports Authority store building, the Steamboat Pilot reports.
MB Real Estate Advisors acquired a medical office building and orthopedic center, spanning 184,181 square feet, for $56.1 million, Commercial Property Executive reports.
There were 62 ASC and physician practice management transactions in the third quarter of 2019, up from 37 in the previous quarter, according to research from Hammond Hanlon Camp.
United Urology Group leased 9,255 square feet of surgery center and clinical space at Superior (Colo.) Medical Center, according to John Gustafson, a director at real estate firm Newmark Knight Frank.
Here are four joint-venture ASCs opened or announced in October: