Category: ASC Transactions and Valuation Issues

Medical real estate investment firm Montecito Medical has acquired the Northway Surgery and Pain Center property in Halfmoon, N.Y., for $5.5 million, according to a June 13 report from the Albany Business Review.

 United Surgical Partners International and AmSurg rank No. 1 and No. 2, respectively, as ASC the companies with the most surgery centers.

Buffalo, N.Y.-based Catholic Health has announced a reconfiguration plan that will expand its ASC presence in Western New York, according to a June 12 report from the Lockport Union-Sun & Journal.

The city of Knoxville, Tenn., has invested $70 million to convert a series of buildings into a new public safety complex. Part of the renovation will involve converting the 25,000-square-foot St. Mary’s ASC into an urgent care and behavioral health fac…

ASC development is becoming increasingly lucrative for health systems and hospitals as more complex procedures move to the outpatient setting. 

Major ASC chain AmSurg owns about 4.3 percent of the market, with 256 ASCs nationwide based on a count from 2022. It recently reached a deal to purchase additional ASCs from its affiliate Envision Healthcare in the wake of Envision’s bankruptcy filing….

The 69th Fortune 500, released June 5, ranked the largest corporations in the U.S. by revenue for 2022. 

Here are three ASC deals that Becker’s has reported on since June 5:

St. Louis-based Ascension has reached an agreement to transfer ownership of its Binghamton, N.Y.-based Our Lady of Lourdes Memorial Hospital​ and its affiliated facilities, including an ASC, to the Sayre, Pa.-based Guthrie Clinic, according to a June 8…

As costs rise and the industry increasingly consolidates, physician practices are increasingly looking to hospitals, health systems and commercial groups for financial security, according to a report published June 7 by the American Hospital Associatio…