Category: ASC Transactions and Valuation Issues

$447M in medical office deals in 8 days

Here are three medical office building transactions totaling $447.7 million that Becker’s has reported on since Oct. 12:

USPI earnings jump 21% in Q3: 4 notes 

Dallas-based United Surgical Partners International, a subsidiary of Tenet Healthcare, reported year-over-year revenue gains in the third quarter, according to financial results released Oct. 20. 

26 USPI ASCs named America’s best by Newsweek

Twenty-six United Surgical Partners International ASCs made Newsweek’s “America’s Best Ambulatory Surgery Centers,” which ranks 510 of the more than 5,000 Medicare-certified ASCs in the country.

Chicago orthopedic practice relocates to New Jersey space

A medical office space in Paramus, N.J., has been leased to Lall Orthopedics, roi-nj.com reported Oct. 18.

Optum doubles down on value-based care: 3 earnings call notes

Optum executives laid out the company’s growth strategy in an Oct. 14 call with investors transcribed by The Motley Fool.

CIT provides $39.2M for acquisition of 7 medical office buildings

CIT, First Citizens Bank’s commercial banking division, funded the $39.3 million acquisition of seven medical office buildings by Texas-based private equity firm Ridgeline Capital Partners.

CVS Health: 6 moves in 30 days 

Here are six moves from CVS Health since Sept. 21:

Missouri hospital ASC lands $2.3M investment

Houston, Mo.-based Texas County Memorial Hospital has been approved for more than $2.3 million in federal and state funding for a new ASC, Ozark Radio News reported Oct. 15.

Optum Q3 revenue jumps 17%: 4 notes

Optum’s third-quarter revenue is up 17 percent from the same quarter last year, reaching $46.6 billion, according to financial results released Oct. 14 by parent company UnitedHealth Group. 

3 big moves for Optum in Q3

Here are three key moves by Optum, parent company of ASC chain SCA Health, in the third quarter: