Category: ASC Transactions and Valuation Issues

A 32,711-square-foot medical office building in Woodbury, Minn., has been acquired for $9.8 million, according to an Oct. 25 report from Commercial Property Executive.

Management services organization Surgery Partners has partnered with San Ramon, Calif.-based NorCal Orthopedic Surgery Center. 

Nashville, Tenn.-based HCA Healthcare reported a 37.4 percent jump in outpatient revenue in the third quarter while its operating income was down 4.1 percent from the previous year. 

Physicians are increasingly moving to employed models – from 2019 to 2021, more than 108,700 physicians left private practice for employment opportunities, according to a report from Avalere. 

UnitedHealth Group’s Optum has had a busy year.

A 96,262-square-foot medical office building in Maple Heights, Ohio, has sold, according to an Oct. 25 report from REJournals.

In May, ASC operator and physician services company Envision Healthcare filed for Chapter 11 bankruptcy. As a result of the filing, Envision’s ASCs are set to swap owners. 

New-to-market ASC management and development company SurgNet Health Partners has acquired two ASCs within its first 45 days of funding: Dearborn, Mich.-based Executive Ambulatory Surgery Center and Warren, Ohio-based Lippy Surgery Center. 

A Coral Gables, Fla.-based medical office building originally constructed in 1954 has sold for $18.5 million, according to an Oct. 20 report from ConnectCRE.

Physician-owned hospitals saved $1.1 billion in 2019 compared to traditional facilities, according to a recent report analyzing the cost of 20 of the most expensive conditions for Medicare patients.