ASC Transactions & Valuation Issues

The final phase of construction on Mercy Health-Perrysburg (Ohio) Hospital is nearing completion, according to ConstructionEquipmentGuide.com.

Hospitals acquired 8,000 medical practices between July 2016 and January 2018, according to data from Avalere Health and the Physicians Advocacy Institute, and 2019 is shaping up to be another active year for transactions.

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.