Capitalization rates for real estate are falling as more practices are looking to invest in surgery centers, urgent care centers and other outpatient medical facilities, according to National Real Estate Investor.
ASC Transactions & Valuation Issues
An unspecified buyer purchased Riverview, Fla.-based Bay Area Physicians Surgery Center for $7.2 million, The Real Deal reports.
New York City-based Hospital for Special Surgery believes its 50,000-square-foot center will be complete this fall, Westfair Online reports.
Hays (Kan.) Medical Center bought Centennial, Colo.-based Centura Health's shares in the Great Bend, Kan.-based St. Rose Health Center, Hutch News reports.
Here is how four major, publicly traded ASC chains fared in the stock market for the week of July 3 to July 7.
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Construction on the New Lenox (Ill.) Endoscopy Center is expected to begin in the first or second quarter of fiscal year 2018, according to Construct-A-Lead data.
Malvern, Pa.-based Azura Vascular Care celebrated the opening of its first Ohio center, Azura Vascular Care Cincinnati, on July 6.
Dayton, Ohio-based Kettering Health Network is planning to expand in Troy, Ohio, through a new hospital, according to Dayton Daily News.
Marshfield (Wis.) Clinic is appealing the Onedia County (Wis.) planning and development committees' decision to deny the clinic' certificate-of-need application for a hospital with a surgery center, according to Star Journal.
The Oklahoma State Department of Health implemented new standards for building requirements applicable to ASCs and hospitals, according to News on 6.