Category: ASC Transactions and Valuation Issues

CVS Health is planning to close or sell 29 regional pharmacies and discontinue its infusion services offerings, according to a statement shared with Becker’s. 

Medcraft Investment Partners has purchased  Sisters Grove Pavilion, a medical office building in Colorado Springs, Colo., according to an Oct. 10 report from CommercialSearch.com.

Here are five of the major joint ventures announced between health systems and ASC companies in 2024 so far:

A medical office building in East Hills, N.Y., has sold for $7.1 million, according to an Oct. 10 report from Long Island Business News.

CVS Health, one of the biggest players in the battle to acquire physicians, is facing a possible split amid major financial struggles. 

Dallas-based Steward Health Care, a for-profit health system, has been facing financial difficulties and controversies since it sought Chapter 11 bankruptcy protection May 6 and is now working to sell its 31 hospitals.

Escondido, Calif.-based North County Oral & Facial Surgery Center has sold for $6.15 million, according to an Oct. 7 report from ConnectCRE.

Investor firm  Bain Capital and real estate operator Evergreen Medical Properties have acquired a 60,000-square-foot outpatient facility in Portland, Ore. 

Vancouver, Wash.-based PeaceHealth is planning to acquire four medical clinics from Renton, Wash.-based Providence, according to an Oct. 3 report from The Columbian.

The number of physicians running independent practices is steadily declining amid a growing gap between reimbursements and the escalating costs of maintaining these practices.