Tenet Healthcare, parent company of ASC chain United Surgical Partners International, has inked another deal to sell two hospitals to Roseville, Calif.-based Adventist Health for $550 million.
ASC Transactions & Valuation Issues
Tenet Healthcare entered a definitive agreement with Roseville, Calif.-based Adventist Health for the sale of two Tenet hospitals and related operations in California's San Luis Obispo County.
A building with 104,000 square feet of medical office space in Chicago has sold at auction for a little over $20 million, according to a Feb. 27 report from the Real Deal.
Here are three joint ventures and partnerships Becker's has reported on since Jan. 4:
UnitedHealth Group is the target of a Justice Department antitrust investigation, according to The Wall Street Journal. Investigators are zeroing in on the company's ownership across sectors, including physician groups, pharmacy drug benefits and a major health plan.
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HCA Healthcare's ASC business Surgery Ventures has made major moves in the first two months of 2024.
The ASC market in the U.S. was valued at $36.54 billion and is projected to reach $53.67 billion by 2029.
VMG Health laid out the valuation multiples of the two ASC chains and two parent companies of ASC chains in a January report.
Six medical office buildings totaling 145,308 square feet in Florence, Fort Mitchell, Crittenden, Walton, Alexandria and Butler have sold, according to a Feb. 19 report from REBusiness Online.
The fragmentation of the ASC market is primed for acquisitions at the individual facility level, according to a January report from VMG Health.