In June, Walgreens announced plans to reduce its stake in primary care clinic chain VillageMD and to shutter underperforming stores in the next few years.
ASC Transactions & Valuation Issues
Dallas-based Steward Health Care, which filed for bankruptcy May 6, is under criminal investigation by federal prosecutors.
Healthcare management company Excel Health has acquired Journey Surgery Center in Aliso Viejo, Calif.
Sedalia, Mo.-based Bothwell Regional Health Center has purchased a medical office building that formerly housed the Women’s Health and Surgical Center, according to a July 15 report from KSIS Radio.
A single-tenant medical office building in Montrose, Colo., has sold for $2.5 million, according to a July 15 report from REBusiness Online.
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After UnitedHealth Group, parent company of Optum, reached 90,000 affiliated physicians at the end of 2023, it became the largest employer of physicians in the U.S. — sparking industrywide discussions of the risks of consolidation and monopolies. While the company…
Facing increasing obstacles to access economies of scale, including rising practice costs and decreasing reimbursement, physician groups are increasingly consolidating.
The ASC market in the U.S. is projected to reach $60.8 billion by 2030, up from the most recent valuation of $40.4 billion from 2023.
St. Louis-based Ascension saw a $3 billion operating loss in fiscal year 2023, and its sustainability strategy includes selling off major hospitals in their system.
A 58,000-square-foot medical office building in San Antonio has sold, according to a July 10 report from Commercial Property Executive.