At least 25 ASCs have closed over the past five years, a pattern of attrition driven by financial strain, staffing shortages, low procedure volumes and the lingering effects of the COVID-19 pandemic. The closures have hit facilities of all sizes…
ASC Transactions & Valuation Issues
At least 13 hospitals and health systems have announced plans to shutter or consolidate services in just one month, with closures spanning emergency departments, maternity wards, pediatric units and behavioral health programs. The cuts reflect mounting financial pressures and staffing…
An OrthoArizona medical office building in Gilbert, Ariz., has been purchased for $32.3 million, according to an April 6 report from BisNow. Montecito Medical Real Estate acquired the nearly 50,000-square-foot facility from Sphere Investments. The building opened in 2019 and…
Louisville, Ky.-based Vanguard Surgical has filed for Chapter 11 bankruptcy protection, according to court records reviewed by Becker’s. The company made a voluntary filing March 31 in the U.S. Bankruptcy Court for the Western District of Kentucky, listing estimated assets…
Penn Medicine Lancaster General Health has acquired sole ownership of MRI Group and Lancaster PET Partnership, Lancaster Online reported April 2. The Lancaster, Pa.-based health system previously co-owned the imaging groups with Lancaster Radiology Associates. The groups operate six locations…
Advertisement
The acquisition of Fort Walton Beach, Fla.-based White Wilson Medical Center by private equity firm Kain Capital offers a window into two of the most consequential forces reshaping American healthcare: the decline of independent physician practices and the accelerating role…
Stonemont, a real estate investment firm, has acquired a 103,184-square-foot medical office building anchored by Atlanta-based Northside Hospital. The firm acquired Northside East Cobb Medical Center in Marietta, Ga., which is 100% leased, according to an April 2 news release…
Tenet Healthcare, parent company of ASC chain United Surgical Partners International, is navigating a stretch of activity, from a new hospital lease in East Texas to a landmark labor deal covering nearly 3,000 California nurses. The Dallas-based health system is…
Four physician practices across the country closed or announced imminent closures in the last week, the latest sign of mounting financial and structural pressure on physician practices. The closures span orthopedic and family medicine specialties and stretch from rural Minnesota…
Joint venture partnerships can be an effective way to build and grow a successful network of ASCs, but there are some non-negotiables that have to be met from the start. The bedrock of successful partnerships is set up strong from…