Category: ASC Transactions and Valuation Issues

Rural health clinic McCurtain Memorial Urgent Care – Hochatown near Broken Bow, Okla., closed April 28. 

While there were no notable mega-mergers in the ASC industry in 2023, there was transaction activity by multi-site operators and health systems, according to VMG Health’s 2024 Healthcare M&A Report published May 7. 

Physician group deal volume remained at high levels in 2023, according to VMG Health’s 2024 Healthcare M&A Report published May 7. 

A medical office building in Hanover Township, Pa., has been sold for $6.6 million, according to a May 7 report from WFMZ.

Real estate investor Cypress West Partners has made its first medical office building purchase as part of a new joint venture with global investment manager TPG Angelo Gordon.

Rite Aid has shuttered more than 520 locations since it filed for Chapter 11 bankruptcy in October, Bloomberg reported May 3. 

Nashville, Tenn.-based HCA Healthcare, owner of the largest ASC chains in the country, posted $1.8 billion in revenue in the first quarter of 2024, according to the company’s earnings report published April 26.

Becker’s has reported on six hospitals shuttering in the Midwest in 2024, which could mean a rise in volume for ASCs in the region.

Here are 10 medtech companies making waves in major ASC specialties, including orthopedics, ophthalmology gastroenterology and cardiology:

Healthcare real estate companies Remedy Medical Properties and Kanye Anderson Real Estate acquired 37 medical properties across 13 states for $252 million.