Tenet reported its ambulatory care segment revenue dropped 3.6 percent in the first quarter year over year, largely due to the sale of Aspen Healthcare in 2018.
ASC Transactions & Valuation Issues
Durham, N.C.-based Duke Health is adding a 30,000-square-foot addition onto the North Pavillion.
Plano, Texas-based New LifeCare Management Services plans to close a long-term, acute-care hospital it operates on Froedtert Health's property in Pewaukee, Wis., Milwaukee Business Journal reports.
Flagler Investment Holdings acquired a medical office building in Delray Beach, Fla., where an ASC operated by United Surgical Partners International performs more than 1,100 cases monthly.
Gadsden-based Northeast Alabama Eye Surgery Center proposed an ownership change involving a buyout of the ASC physician owners' assets, according to a proposal letter dated Jan. 31.
Nashville, Tenn.-based HCA Healthcare's revenues increased 9.6 percent year over year in the first quarter of 2019, according to financial results posted April 30.
Worldwide Surgical Solutions received a commitment letter to finance 60 surgical complexes in Texas, according to CEO James Hamilton.
A medical center anchored by a United Surgical Partners International-backed ASC was sold to an unnamed buyer, the JLL Healthcare Capital Markets Group announced.
EyeSouth Partners affiliated with Crossville, Tenn.-based Cumberland Eye Care and Plateau ASC as well as Cookeville (Tenn.) Eye Specialists and Perimeter ASC.
Tenet's ambulatory care segment revenue declined year over year for the first quarter of 2019, in part due to the company's divestiture of Aspen Health last year.
