ASC Transactions & Valuation Issues
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Kaiser pays $67M for California medical office building
Oakland, Calif.-based Kaiser Foundation Health Plan has purchased a medical office building in Santa Clarita, Calif., for $67 million, according to a Jan. 23 report from the Real Deal. -
UVM seeks green light to purchase $17M outpatient campus
The University of Vermont Medical Center submitted a certificate of need with intention to purchase a Colchester-based medical campus owned by Covenant Health for $17.3 million. -
HCA's Surgery Ventures acquires majority interest in 2 Texas ASCs
Surgery Ventures, HCA Healthcare's ASC business, has acquired a majority interest in two Texas ASCs. -
Nonprofit wary of potential Summa Health acquisition
The Citizens' Council for Health Freedom, a nonprofit organization focused on healthcare policy, raised concerns over General Catalyst's recently announced plans to acquire Akron, Ohio-based Summa Health and its intent to convert the health system and insurance plan into a for-profit entity. -
Physician group to sell or close
Nampa, Idaho-based Saltzer Health is planning to sell or shut down by March 29. -
General Catalyst led $95.5M investment in a physician group, plans health system acquisition
General Catalyst led a $95.5 million funding round for a Texas-based physician clinic chain in early January, and a week later the investment firm announced plans to acquire Akron, Ohio-based Summa Health. -
The ASC chain dominating the industry
United Surgical Partners International is the largest ASC chain in the U.S., making it a major force in the industry. -
160K-square-foot Wisconsin medical office building, ASC sold
A 160,000-square-foot medical office building and ASC in Hudson, Wis., has sold to Hammes Partners, according to a Jan. 18 report from Commercial Property Executive. -
Nvision expands with Texas joint venture
Aliso Viejo, Calif.-based Nvision Eye Centers has partnered with San Antonio-based ophthalmology group Parkhurst NuVision. -
Hospitals dig deeper into ASC market
ASCs might just be the golden ticket hospitals have been searching for. -
How will the economy affect ASCs in 2024?
Five ASC leaders joined Becker's to discuss how a potential economic downturn could affect ambulatory healthcare space growth. -
Optum doubles down on orthopedics, VBC
In 2023, OptumHealth saw 900,000 more patients under value-based care, according to a Jan. 12 call with investors transcribed by Seeking Alpha. -
Optum earned $226.6B in 2023
Optum earned $226.6 billion in total revenue in 2023 — an increase of 22% year over year, according to the company's fourth-quarter financial report. -
MultiCare plans to acquire Washington ASC
Tacoma, Wash.-based MultiCare Health System has made plans to acquire Astria Ambulatory Surgical Center in Yakima, Wash., Yakima Herald-Republic reported Jan. 12. -
Is consolidation really a threat to ASCs?
With 70% of ASCs remaining independent as of 2022, according to a report from VMG Health, consolidation may seem like a fairly distant problem. But as health systems, management companies and private equity firms take interest in ASCs, it may be time to ask if consolidation is a threat worth taking seriously. -
Florida medical office building sold for $18.3M
The 48,000-square-foot Wellington (Fla.) Medical Arts Pavilion has sold to Rendina Healthcare Real Estate and Artemis Real Estate Partners for $18.3 million, according to a Jan. 11 report from REBusiness Online. -
Health system leaders expect similar M&A activity in 2024
Most health system leaders expect 2024's merger and acquisition activity to look similar to 2023, according to a Jan. 4 VMG Health survey. -
Surgery Partners projects growth in 2024
Brentwood, Tenn.-based Surgery Partners affirmed its 2023 adjusted earnings were between $436 million and $440 million. -
Optum's busy start to 2024
Optum, parent company of ASC chain SCA Health, already is poised to make two major moves in 2024. -
New Jersey medical office building sold for $24M
A medical office building in Jackson, N.J., was acquired by real estate firm Horizon Equities for $24 million, according to a Jan. 4 report from NJBiz.
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