ASC Transactions & Valuation Issues

Simone Development submitted a proposal to convert a mostly unused office building in Harrison, N.Y., into a four-level pediatric ambulatory care facility for New York City-based Montefiore Medical Center, West Fair Online reports.

The U.S. Department of Agriculture granted Cumberland (Wis.) Healthcare $39 million in loans to construct a new facility with an outpatient focus, Wisconsin Public Radio reports.

The Sonoma Valley Hospital Foundation plans to undertake a $20 million fundraising campaign to build an outpatient diagnostic center for Sonoma (Calif.) Valley Hospital, North Bay Business Journal reports.

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

Muncie-based Central Indiana Orthopedics broke ground on a medical office building in Fishers, Ind., which will house a surgery center and clinic, Commercial Property Executive reports.

Beth Israel Deaconess Hospital–Needham (Mass.) held its annual gala Nov. 3 to raise money for its soon-to-open Outpatient Clinical Center.

Here are three joint venture ASCs with updates in the past couple months:

Several spaces in the Bethesda, Md.-based Westmoreland Medical Building are available for lease.

Mixed-use developments are an attractive alternative to standalone properties for ambulatory and outpatient facilities, Irgens Executive Vice President Dave Arnold wrote in a Heartland Real Estate Business article republished onReBusiness Online.

A private equity firm bought the Cape Coral (Fla.) Medical Center building.