ASC Transactions & Valuation Issues

Private equity firm Atlantic Street Capital is forming Advanced Eyecare Holdings, an ophthalmology-facing supply and services company.

Morgantown, W.Va.-based WVU Medicine is building a $14 million outpatient clinic in Waynesburg, Pa., the Pittsburgh Post-Gazette reports.

Kingsport, Tenn.-based Holston Medical Group is reopening an outpatient surgery center in Bristol, Tenn., after the facility shut its doors in August 2018, according to WJHL.

The orthopedic space is a treasure trove of opportunity for private equity investors, according to Provident Healthcare Partners Analyst Robert Aprill.

ShoreView Industries invested in Chula Vista-based California Retina Associates to establish an administrative services organization.

Here are six hospitals and health systems that opened or announced ASCs in December:

Vascular Institute of Chattanooga (Tenn.) will open its 4,000-square-foot clinic extension to the public Jan. 31, TheChattanogan.com reports.

Chicago's transactions had the highest cost from 2015 to 2018, among the 10 cities with the most healthcare deals in that time, according to a Mergermarket report.

Carris Health entered into a professional services agreement with Willmar, Minn.-based Family Practice Medical Center, the West Central Tribune reports.

HPIII Milwaukee purchased Brookfield, Wis.-based Elmbrook Medical Arts Center, a medical office building, for $10.4 million, BizTimes reports.