Schenectady, N.Y.-based Ellis Medicine has acquired CareNet Medical Group, an independent women’s health and OB-GYN practice that has served the Capital Region since 1983, according to a Sept. 9 news release. CareNet’s four physicians and one physician assistant, previously based…
ASC Transactions & Valuation Issues
A medical office building in Wilmington, N.C., that houses a surgery center, was sold for $11.2 million, according to a Sept. 16 report from Wilmington Biz. The two-story facility includes 22 exam rooms, an ultrasound lab and three surgical procedure…
More than 30 ASCs and physician practices have closed in 2026, and the reasons vary from consolidation to competition. Here are five recent closures and the headwinds behind them. 1. SurgiCare at CAMC Memorial Hospital (Charleston, W.Va.): Folded into other…
Phoenix, Ariz.-based Academic Urology and Urogynecology of Arizona has purchased a 7,593-square-foot medical office building in Phoenix for $2.4 million, according to a Sept. 8 news release. The practice bought the building from Seth Properties in a deal valued at…
More than a third of U.S. hospitals were losing money even before the latest round of federal policy shifts started to bite, according to a new Urban Institute and Robert Wood Johnson Foundation analysis. From CFOs describing the divide to…
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Private equity investors looking to exit physician practice management platforms may be able to borrow a playbook already tested in urgent care, according to a Sept. 15 blog post from VMG Health. VMG Health argues that breaking a platform into…
Conifer Health Solutions, Tenet Healthcare’s revenue cycle management subsidiary, is cutting 1,037 jobs after CommonSpirit Health decided to insource its revenue cycle operations. Here are seven things to know. 1. Conifer, the Dallas-based RCM subsidiary Tenet fully owns, notified 1,037…
Three-way joint ventures, uniting a health system, a private equity or MSO partner, and physician investors, have become the dominant deal structure for ASCs, according to a Sept. 15 client alert from Holt Law founder David Holt. Here are 10…
United Surgical Partners International has spent the past decade transforming from a mid-tier player into the largest ASC chain in the country, riding its parent company Tenet Healthcare’s broader shift away from hospitals and toward outpatient care. With orthopedics as…
Healthcare Realty has acquired $58 million of medical real estate in Summerville, S.C., and Chapel Hill, N.C., from Hammes, Connect CRE reported Sept. 14. The properties include Summerville Medical Campus, a nearly 100,000-square-foot, multi-tenant medical office building anchored by the…