St. Louis-based Ascension has sold its St. Vincent's Health System to The University of Alabama at Birmingham Health System Authority in a deal valued at $450 million, effective Nov. 1.
ASC Transactions & Valuation Issues
Charlotte, N.C.-based Atrium Health has sold its Atrium Medical Center Medical Outpatient Building, a medical office facility, in Middletown, Ohio, to Chicago-based Remedy Medical Properties, according to a Nov. 1 report from the Cincinnati Business Courier.
Financially troubled Steward Health Care has finalized the sale of its physician group to Nashville, Tenn.-based primary care provider Rural Healthcare Group, part of private equity firm Kinderhook Industries.
Dallas-based Tenet Healthcare, parent company of ASC giant United Surgical Partners International, has sold 14 hospitals this year for more than $4.8 billion, according to an Oct. 29 third quarter earnings call.
Tenet Healthcare is continuing to expand its investment and spending in its ASC division, Dallas-based United Surgical Partners International.
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Walgreens is laying off 256 employees from its support center as part of a strategy to realign its focus on core retail pharmacy services, a spokesperson confirmed to Becker's in an emailed statement.
Dallas-based United Surgical Partners International, Tenet Healthcare's ASC arm, has inked a deal with San Diego, Calif.-based Synergy Orthopedics, according to an Oct. 29 third quarter earnings call.
Nashville, Tenn.-based HCA Healthcare's ASC strategy is driven by "greenfield developments," new facility constructions, along with targeted acquisitions, CEO Sam Hazen said in a third quarter earnings report transcribed by the Motley Fool.
Dallas-based United Surgical Partners International, Tenet Healthcare's ASC business, third quarter revenue hit $1.13 billion, a 21% increase from the same quarter last year, according to financial documents published Oct. 29.
Outpatient real estate firm Flagship Healthcare Properties has acquired the Central Ohio Surgical Institute in New Albany.