I have spent more than 25 years practicing medicine and building surgical businesses. If there is one thing I want physicians to understand about buying or selling an ambulatory surgery center, it is this: You can negotiate an impressive price…
Transactions & Valuation Issues
An entity tied to Nashville, Tenn.-based Montecito Medical Real Estate acquired St. Cloud (Minn.) Surgical Center for $16.9 million, Finance & Commerce reported. The 43,512-square-foot ambulatory surgery center recently finished a $7.9 million renovation and expansion that took it to…
New Brunswick, N.J.-based St. Peter’s Healthcare System’s Oct. 14 lawsuit against West Orange, N.J.-based RWJBarnabas Health and former board member Maureen Cernadas, MD, is about one OB-GYN group in central New Jersey. It also shows how health systems compete for…
ASC dealmaking has been tied to a familiar set of structures over the last decade, with private equity partners buying in alongside physician owners, a management company running the business side and, often, a sale-leaseback that turns the building into…
South Island Medical closed its Freeland, Wash., clinic Sept. 9 and shifted operations to North Island Medical in Oak Harbor, its sister practice roughly 29 miles away, both owned by Palo Alto, Calif.-based Beyond Health, The South Whidbey Record reported…
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Colorado Imaging Associates and TRA Medical Imaging launched Affiliated Radiology, a physician-led radiology services organization. Affiliated Radiology will provide partnering organizations with PACS, clinical AI infrastructure, shared radiologist read capacity, and other technology and operational services, according to a Sept.…
UnitedHealth Group’s Optum has sold interest in some of Optum’s Florida WellMed clinics to private equity company TPG, Bloomberg originally reported Sept. 9. UnitedHealth Chief Financial Officer Wayne DeVeydt told Bloomberg that the healthcare company was looking for a partner…
Ascension Medical Group St. John Primary Care Pawhuska (Okla.) closed permanently on June 30, ending Dr. James Priest’s 59-year run as the rural Oklahoma clinic’s physician, Tulsa World reported Aug. 17. Dr. Priest, now in his late 80s, joined the…
Optum is speaking with multiple large New York health systems to sell some specialties in the state, the company confirmed to Becker’s June 24. The UnitedHealth Group subsidiary is considering the sale of certain specialties, including orthopedics, general surgery and…
Minneapolis-based University of Minnesota, Fairview Health Services and University of Minnesota Physicians have finalized agreements that will shape the next 10 years of the organizations’ partnerships. The deal comes after months of negotiations in the wake of what some physicians…