ASC Transactions & Valuation Issues

Big Sky Medical, an investment management firm, has bought Hillcrest Medical Park, a 31,661-square-foot outpatient medical office building in Frisco, Texas.  The building includes a mix of existing medical tenants and move-in-ready space for new practices. It is located in…

Newton, Mass.-based Atrius Health, a subsidiary of Optum, plans to acquire Acton Medical Associates, a 45-provider primary care group serving the Boston area, according to a Sept. 25 filing from the Massachusetts Health Policy Commission. Acton comprises 45 providers and…

1. Buffalo, N.Y.-based Kaleida Health System closed an ASC that has been in operation for more than 35 years. Kaleida cited multiple factors contributing to the closure, including reductions in federal funding — specifically in Medicaid reimbursement.  2. Peoria, Ill.-based…

Private equity firms have had a significant impact on the ASC industry over the past few years, providing investments to ASC operators across a number of specialties.  Here are some of the prominent ASC companies that have received private equity…

Fort Myers, Fla.-based Millennium Physician Group and Orlando, Fla.-based IMA Medical Group are partnering together.  The integration of the organizations aims to expand patient-centered, value-based care in Florida, according to an Oct. 6 news release from Millennium Physician Group.  IMA…

Becker’s has reported on three physician practice acquisitions by Optum, UnitedHealth Group’s physician practice arm, in less than one year. 1. In August, Optum-owned SCA Health acquired U.S. Digestive Health, adding 24 ASCs and more than 40 GI practice sites…

Becker’s has reported on six physician practice closures since Sept. 1.  1. A Paramus, N.J., clinic and its operator were ordered to halt all operations after a judge issued a temporary injunction against a man accused of posing as a…

As the ASC industry heats up with competition between hospitals, health systems, corporate entities and independent practices, smaller and mid-sized practices are getting creative in their approach to practice growth and consolidation.  Three-way or hybrid joint ventures This development model…

Charlotte, N.C.-based Flagship Healthcare Properties has acquired an ambulatory surgery center in Panama City, Fla., expanding its Florida portfolio. The property is home to Northwest Florida Surgery Center, a multispecialty ASC with three operating rooms and two procedure rooms. Having…

Overland, Kan.-based Head and Neck Surgery of Kansas City is expanding into its fourth location as it takes over the office of Parker Thornton, MD, at his office in Shawnee Mission, Kan. According to a Sept. 24 news release, Dr.…