Category: ASC Transactions and Valuation Issues

New Jersey medical office building sells for $4.62M

An 18,000-square-foot medical office building in Florham Park, N.J., has been acquired by Desai Holdings for $4.62 million, according to a Sept. 14 report from ConnectCRE.

 3 hospitals, health systems closing departments or ending services

Here are three hospitals closing departments or ending services since Sept. 1:

Optum's layoffs: 5 things to know

In August, former Optum employees took to social media about a number of layoffs that allegedly occurred across the company.

Optum's powerful physician workforce: 5 stats to know 

Optum is the largest employer of physicians in the country, with 70,000 employed or aligned. 

Walmart eyes physician group purchase: What ASCs need to know

Walmart is allegedly interested in purchasing majority ownership in ChenMed, a chain of primary care clinics, according to a report from Bloomberg. 

The physician group megadeals to know in 2023 

Here are four major physician group deals to know in 2023: 

Physician-owned hospital files for bankruptcy protection 

A West Lake Hills, Texas-based physician-owned hospital, The Hospital at Westlake, has filed for Chapter 11 bankruptcy protection.

Where independent ASCs stand today

Consolidation can feel like a looming threat to the ASC industry, but the majority of surgery centers remain independent. 

Connecticut medical office building sells for $1M

A medical office building near Bridgeport Hospital Milford (Conn.) Campus has sold for nearly $1 million, according to a Sept. 5 report from Hartford Business. 

ASC chain dominance: 5 stats to know 

Here are five statistics on the growth of ASC chains: