Owners of a Connecticut roofing company have purchased a medical office building in Orange, Conn., for $4.1 million, according to a March 7 report from the Hartford Business Journal. 

Dallas-based Tenet Healthcare, parent company of ASC giant United Surgical Partners International, is on a hospital selling spree — inking three deals so far in the last year. 

Walgreens' VillageMD has announced plans to exit the Illinois, Indiana and Florida markets this year. 

As medical office building transactions heat up in 2024, here are eight transactions involving 13 buildings in the Eastern half of the U.S. to know: 

As medical office building transactions heat up in 2024, here are seven Midwestern transactions to know: 

Here are nine key statistics on physician and ASC ownership changes:

Winston-Salem, N.C.-based Novant Health took majority ownership of two ASCs in Mount Pleasant, S.C., ABC 4 reported March 4.

A Florida-based real estate company has purchased a Brownsburg, Ind.-based medical office building for $39 million, according to a Feb. 29 report from the Business Observer.

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. 

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.

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. 

Provider credentialing is a critical yet often overlooked element to successful revenue cycle management (RCM). Across the healthcare industry, there is a lack of awareness about how an efficient, accurate credentialing system can streamline medical practices’ RCM workflows and assist in capturing revenue that may otherwise be lost or delayed. This is because the connection between the benefits of a credentialing platform and the RCM function is not always intuitive nor immediately clear, causing departments to be siloed. However, bridging the gap between credentialing and RCM functions is essential for preventing revenue loss, reimbursement delays, and other challenges — and ultimately aids in bolstering practice efficiency and financial stability.

Achieving financial success in an ASC has become more difficult in recent years, with a growing list of challenges threatening and straining the bottom line. With less room for error, surgery centers are seeking solutions that can help them better navigate and overcome these barriers to viability and profitability. Revenue cycle outsourcing is one solution growing in popularity throughout the ASC industry and is becoming a preferred option for de novo centers.