ASC Transactions & Valuation Issues

Toronto-based Medical Facilities Corp. increased its revenue to $99.1 million despite drastically decreased operations-derived income.

A Hiawatha, Iowa-based medical facility housing Wolfe Eye Clinic is being acquired, according to Connect Chicago.

Brentwood, Tenn.-based Surgery Partners reported $416.8 million in first quarter 2019 revenue while growing its same-facility revenue 5 percent.

Vascular Institute of Chattanooga (Tenn.) opened a new clinic in Cleveland, Tenn., TheChattanoogan.com reports.

An Overland Park, Kan.-based medical office building housing Mid-America Surgery Center was sold for $15.4 million.

Surgery Partners reported a revenue increase in the first quarter of 2019, as well as a $28.6 million net loss.

Following a service-line expansion, Orthopedic Associates is adding an MRI suite to its building in Farmington, N.M., according to the Farmington Daily Times.

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

Meriden, Conn.-based MidState Medical Center applied for a certificate of need to take majority ownership of Milford (Conn.) Surgery Center.

Anchor Health Properties acquired a 68,485-square-foot class A outpatient medical office building in Franklin, Tenn.