Commercial real estate is an interesting and active market, and now is an especially valuable time to be an owner. Ambulatory surgery centers are prime investments, and physicians are increasingly purchasing ownership in their ASC real estate.
ASC Transactions & Valuation Issues
Like any successful relationship between people, relationships between hospitals and ASCs need a foundation of trust, according to Joseph Zasa, the managing partner and founding partner of ASD Management.
AmSurg shares traded at $70.32, a 1.14 percent increase, according to American Trade Journal.
Ste. Genevieve (Mo.) County Memorial Hospital's surgery center expansion is expected to be completed before the end of the year, despite a slight delay, according to a Ste. Genevieve Herald report.
Senator Charles Schumer wants a new outpatient surgery center for veterans in Rochester, N.Y., according to 13 WHAM.
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The Cypress Creek Medical Pavilion going up in South Florida will include an outpatient surgical center, according to a Sun Sentinel report.
Hiawatha Community Hospital is opening a new medical facility that includes a surgery center in addition to other facilities, according to a Hiawatha World report.
A new ASC will officially open in Erie, Pa., in November, according to a Your Erie report.
Hospitals aren't the only players anymore in an increasingly competitive acquisition landscape. Independent physician groups, private equity firms and other financially-backed organizations are giving hospitals a run for their money. Hospitals need to start thinking strategically to remain competitive.
AmSurg shares fell 11.51 percent during the week of Oct. 19 to Oct. 23, according to OTC Outlook.