Two medical office buildings in Paducah, Ky., have been acquired by Montecito Medical Real Estate for $15 million, according to an Aug. 7 report from REBusiness Online.
ASC Transactions & Valuation Issues
Brentwood, Tenn.-based Surgery Partners' revenues jumped 14.2% to $762.1 million for the second quarter of 2024, according to the company's financial report released Aug. 6.
Optum Services of Minnesota, an affiliate of United Health, has purchased a medical office building in Marysville, Wash., for $20.3 million according to an Aug. 6 report from the Seattle Daily Journal of Commerce.
Here are 10 ASC companies to know:
Operational costs are soaring for ASCs while reimbursements continue to decline. Some physicians point to a lack of communication from payers regarding ASC's true costs for creating this financial tension.
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Dallas-based Tenet Healthcare, parent company of ASC giant United Surgical Partners International, has agreed to sell its majority interest in Birmingham, Ala.-based Brookwood Baptist Health to Orlando (Fla.) Health.
Midland-based MyMichigan Health has finalized the acquisition of several Michigan-based Ascension facilities, including a Saginaw-based ASC and a Tawas-based surgery center, according to an Aug. 1 report from the Detroit Free Press.
Following a slower-than-expected onboarding process, Saum Sutaria, MD, CEO of Dallas-based Tenet Healthcare, parent of ASC chain United Surgical Partners International, said that the company "feels good" about the acquisition progress and doesn't think of the ASCs as a separate…
A medical office building in Lakewood Ranch, Fla., has sold for $31.8 million, according to a July 31 report from the Business Observer.
Here are 12 things to know from three major health systems and providers who operate ASC chains: