ASC Transactions & Valuation Issues

Becker's ASC Review reported on the closing of five ASCs this year:

Indianapolis-based real estate investor Cornerstone acquired $24 million worth of medical office buildings in Indiana, Kentucky, Tennessee and Ohio, the Indianapolis Business Journal reports.

SUNY Downstate Bay Ridge Ambulatory Surgery Center reopened Nov. 18, more than a year after a September 2018 fire caused it to close.

Joint ventures with physicians are hospitals' preferred method for opening ASCs, according to a survey from outpatient healthcare group Avanza Healthcare Strategies.

A building housing a United Surgical Partners International ASC in Plano, Texas, was sold to a healthcare real estate trust earlier this month, according to industry news sites Commercial Property Executive and Bisnow.

Here are 10 updates on ASC companies and industry-relevant companies to note: 

Through a proposed merger, St. Peter's Health Partners wants to make Albany (N.Y.) Memorial Hospital a destination for hospital outpatient services, same-day ambulatory surgery and medical office procedures, the Albany Times Union reports.

South Florida's 63 hospitals grew their combined net income by 39 percent from 2017 to 2018, largely due to heightened investment in outpatient facilities and practices, South Florida Business Journal reports.

Baptist Health Lexington (Ky.) is expanding its presence in Hamburg, Ky., by developing an outpatient surgical and medical campus it plans to open in 2023, the Lexington Herald Leader reports.

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.