One-third of ASCs plan to execute growth strategies this year, according to 2018 data from the Health Industry Distributors Association.
ASC Transactions & Valuation Issues
East Paris Surgical Center occupies a Grand Rapids, Mich.-based medical complex that was recently listed for nearly $3 million, according to real estate investment firm Marcus & Millichap.
Anchor Health Properties grew its Atlanta presence by acquiring a 43,000-square-foot medical office building in Johns Creek, Ga., through a joint venture with a Carlyle Group affiliate.
Work is progressing on St. Joseph, Mich.-based Lakeland Medical Center's Pavilion project, local news affiliate ABC 57 reports.
UnitedHealth Group plans to grow OptumCare, which includes Surgical Care Affiliates, from a $16 billion business into a $100 billion business, according to the Minneapolis / St. Paul Business Journal.
Here are eight updates on ASC companies and industry-relevant companies to note:
Piedmont Athens (Ga.) Regional Medical Center partnered with Surgery Center of Athens to expand its surgical services, local news affiliate WGAU reports.
A 20,500-square-foot clinic opened May 24 beside Hendrick Surgery Center in Brownwood, Texas, according to the Abilene Reporter News.
ASC physician-owners often ask us "how to maximize the total value of their ASC business and their ASC/MOB real estate when they own both and want to sell."
Healthcare industry deal volume is expected to ramp up in the second half of 2019, with continued interest in physician practices, according to Bloomberg Law.
