ASC Transactions & Valuation Issues

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.

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

Lincoln, Neb.-based Advanced Medical Imaging expects to open its under-construction surgery center in the summer of 2019, the Lincoln Journal Star reports.

Pikeville (Ky.) Medical Center agreed to buy land owned by the city of Prestonsburg, Ky., for an outpatient clinic, local news affiliate WTVQ reports.

The trial began for the now-closed Forest Park Medical Center in February, according to D Magazine.

Downers Grove, Ill.-based Advocate Health Care began demolition at Hazel Crest, Ill.-based Advocate South Suburban Hospital in late March to make space for a surgical procedure center.

Surgeon-investors shouldn't assume ASC income will cover their buy-in loan, according to Partner John Dameron of Spaugh Dameron Tenny, a financial planning firm.