Category: ASC Transactions and Valuation Issues

7 Midwestern medical office buildings trading hands in 2024

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

The state of physician ownership and ASCs 

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

Novant Health takes majority ownership of spine, GI ASCs

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

Indiana medical office building sells for $39M

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's sell-off spree continues 

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 to sell 2 hospitals in $550M agreement with Adventist Health

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.

Chicago building with medical office bought for $20M

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. 

3 joint ventures, partnerships shaking up the ASC industry

Here are three joint ventures and partnerships Becker’s has reported on since Jan. 4:

UnitedHealth's physician group ownership targeted in antitrust investigation

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 maj…

HCA's ASC arm has a busy start to 2024

HCA Healthcare’s ASC business Surgery Ventures has made major moves in the first two months of 2024.