ASC Transactions & Valuation Issues

ASC transactions surged in the third quarter of 2019, according to new research from Hammond Hanlon Camp.

Lockport, N.Y.-based Eastern Niagara Hospital filed for chapter 11 bankruptcy protection Nov. 7, citing, among an array of expenses, debt acquired from opening a surgery center, The Buffalo News reports.

Healthcare Realty Trust purchased a class A medical office building in Raleigh, N.C., for $21.6 million from Wake Internal Medicine Consultants, Commercial Property Executive reports.

ASC and surgical hospital owner Medical Facilities Corp. released its third quarter results.

Surgeons will make up a smaller share of ASC owners as the industry steadily grows, according to Surgical Directions CEO Jeff Peters.

Three New York-based management groups partnered to acquire three properties in Winston-Salem, N.C., for $9.85 million, the Winston-Salem Journal reports.

Developers completed Boston-based Beth Israel Deaconess Hospital's Needham (Mass.) Outpatient Center, HC+O News reports.

Falls Church, Va.-based Inova Health System entered into partnerships with three physician groups to expand services offered at its campus.

Despite $452 million in third-quarter 2019 revenues, Surgery Partners posted a net loss of $24.8 million for the quarter.

Portland-based Maine Medical Center received unanimous approval from the city planning board to build a $59 million medical office building on its campus in Scarborough, Maine, the Portland Press Herald reports.