The Mount Pleasant (Wis.) Village Board approved Milwaukee-based Advocate Aurora Health's $228 million, 198,000-square-foot medical center and 98,000-square-foot medical office building rezoning requests, the Kenosha News reports.
ASC Transactions & Valuation Issues
University of Miami Health System is building a 225,000-square-foot outpatient healthcare facility on 10 acres in Miami, the South Florida Business Journal reports.
An OB-GYN who has years of practice ownership experience spoke on "The White Coat Investor" podcast about what it takes to build an outpatient surgical center from the ground up.
Dallas-based Tenet Healthcare CEO Ron Rittenmeyer touted the company's financial and cultural change in the company's 2018 earnings call, driven by a strong year from its ambulatory division, United Surgical Partners International, which reported a 7.5 percent net operating revenue…
Germantown, Tenn.-based West Cancer Center purchased a building previously owned by Memphis, Tenn.-based Methodist Le Bonheur which includes a surgery center after the groups ended their operating partnership, Memphis Business Journal reports.
Advertisement
Dallas-based Tenet's ambulatory care segment, United Surgical Partners International, reported a slight increase in fourth quarter revenue and larger increase year over year in 2018.
Here are eight updates on ASC companies and industry-relevant companies to note:
A two-building office complex in Scottsdale, Ariz., was sold for $16.38 million, Phoenix Business Journal reports.
Houston Methodist Baytown (Texas) Hospital opened an outpatient center Feb. 25, The Baytown Sun reports.
Ophthalmology practices have become an attractive investment for private equity firms, with the number of PE-backed vision platforms growing from roughly 10 to 30 since 2017.