As healthcare costs continue to rise, health systems are turning to ASCs to keep surgical costs down. Whether by partnership or new development, ASCs should be top-of-mind for every hospital leader right now.
ASC Transactions & Valuation Issues
A medical office building in Bloomington, Ill., was sold to GAHC4 Bloomington II MOB, a real estate investment company, The Pantagraph reports.
Osage, Iowa-based Mitchell County Regional Health Center will spend $4.5 million to expand its surgical department, the Mitchell County Press News reports.
Redding, Calif.-based Larkspur Optometry partnered with integrated eye care services provider Eyecare Services Partners Management.
At the Morgan Stanley Global Healthcare Conference on Sept. 9 in New York City, Tenet CEO Ron Rittenmeyer discussed the company's performance and what to expect from both its hospital and ASC segments in the future.
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Edgemont Partners' founding partner, Jeff Swearingen, elaborated on the current state of merger and acquisition activity in the physician practice market.
Here are eight updates on ASC companies and industry-relevant companies to note:
The Memorial Medical Center in Ashland, Wis. is expanding with a $21 million ASC set to break ground in October, according to CBS 3 Duluth.
Baptist Health in Miami Beach, Fla., received city approval to expand the services offered at its ASC, RE: Miami Beach reports.
Weymouth, Mass.-based South Shore Health will open a $2.7 million medical office building in early October, the Patriot Ledger reports.