ASC Transactions & Valuation Issues

There were just over four dozen acquisitions and transactions involving ASCs, outpatient facilities or their properties in the first three quarters of 2019:

Beverly Hills-based California Elite Pain & Spine Institute merged with BioHealth Pain Management, according to CEPSI President Ben Shamloo, MD.

Stormont Vail Health purchased a 49 percent ownership stake in Manhattan (Kan.) Surgical Hospital and will expand the hospital's surgical and oncology programs, The Mercury reports.

Tenaya Medical Center in Las Vegas is now on the market, according to NAI Vegas.

As healthcare costs continue to rise, health systems are turning to ASCs to keep surgical costs down. Whether by partnership or new development, ASCs should be top-of-mind for every hospital leader right now.

A medical office building in Bloomington, Ill., was sold to GAHC4 Bloomington II MOB, a real estate investment company, The Pantagraph reports.

Osage, Iowa-based Mitchell County Regional Health Center will spend $4.5 million to expand its surgical department, the Mitchell County Press News reports.

Redding, Calif.-based Larkspur Optometry partnered with integrated eye care services provider Eyecare Services Partners Management.

At the Morgan Stanley Global Healthcare Conference on Sept. 9 in New York City, Tenet CEO Ron Rittenmeyer discussed the company's performance and what to expect from both its hospital and ASC segments in the future.

Edgemont Partners' founding partner, Jeff Swearingen, elaborated on the current state of merger and acquisition activity in the physician practice market.