With the U.S. ambulatory surgery market expected to reach $93 billion in 2024, hospitals and health systems are forced to strategically confront price cuts and new competition, according to an Advisory Board report.
ASC Transactions & Valuation Issues
The Urbana, Ill.-based Carle health system moved its oral surgery unit to a new outpatient clinic, according to the News Gazette.
Tampa-based BioSpine Institute plans to open a new surgery center in Orlando.
Bellingham (Wash.) Bay Ophthalmology is moving to a new office roughly three miles from its current one, according to The Bellingham Business Journal.
The final phase of construction on Mercy Health-Perrysburg (Ohio) Hospital is nearing completion, according to ConstructionEquipmentGuide.com.
Advertisement
Hospitals acquired 8,000 medical practices between July 2016 and January 2018, according to data from Avalere Health and the Physicians Advocacy Institute, and 2019 is shaping up to be another active year for transactions.
Nashville, Tenn.-based Medical City Surgery Center of Alliance published a form D announcing $2.79 million of equity financing, Thorold News reports.
Global Medical REIT purchased three medical office buildings in Chandler, Ariz., and Gilbert, Ariz., for $16.1 million from a local gastroenterology practice, Rebusiness Online reports.
Durham, N.C.-based Duke Health is absorbing North Carolina Eye, Ear, Nose and Throat's five locations.
Baton Rouge (La.) General Hospital is spending $12 million to renovate and expand a 140,000-square-foot building on its Baton Rouge-based Bluebonnet Boulevard campus, Greater Baton Rouge Business Report reports.