— Featured strategic partnering Article
Private Equity and Physician-owned Practices and ASCs
Lessons learned from South Bend Orthopaedics and Sports Medicine, a partner practice of OrthoAlliance For decades, physician-owned practices and ASCs have been partnering with companies that can help them scale, grow and operate more efficiently. Over the past several years private equity firms have vigorously pursued these strategic [...]
— Featured Real Estate Article
Sold — Thousand Oaks Surgery Center in Thousand Oaks, CA
Physician Transaction Advisors (formerly ASCs Inc.) is pleased to announce the closing of a healthcare real estate sale-leaseback transaction for the Serra Medical Plaza, a 13,000 square-foot two-story medical office building (MOB) in Thousand Oaks, California. The Property was built-to-suit in 2014 and is 100% leased to Thousand Oaks Surgery Center (TOSC) – [...]
Maintaining Independence through Appropriate Strategic Partnerships
At the 2023 Ambulatory Surgery Center Association (ASCA) annual meeting, ASCs Inc’s Managing Partner Jim Freund and Executive Vice President Stephanie Tarry will be sharing their insights regarding how physician-owners of ASCs and Practices can realize exceptional outcomes with appropriate joint ventures. Question – What is a Strategic Partnership? Answer – By definition, a strategic transaction is an event that defines the future direction of [...]
SOLD – Midwest Physician’s Surgery Medical Office Building
Lee’s Summit, MO, March 23, 2023 — ASCs Inc. is pleased to announce the closing of a healthcare real estate sale and partial leaseback transaction for Midwest Physician’s Surgery Medical Office Building located in Lee’s Summit, Missouri. The 20,000 square foot medical-office building is 100% leased to three tenants: Midwest Physician’s Surgery Center, Clay Platte Summit Family and Sports Medicine, and Midwest Gastroenterology. [...]
South Bend Orthopaedics enters into partnership with OrthoAlliance
SOUTH BEND, Ind., March 8, 2023 /PRNewswire/ -- ASCs Inc. is pleased to announce that one of the leading orthopaedic groups in the Midwest, South Bend Orthopaedics (SBO), has entered into a partnership with OrthoAlliance. The partnership will enhance SBO's success and comprehensive approach to delivering specialized bone, joint, and muscle care to more patients throughout northern Indiana. "Our entire team at SBO is excited to join OrthoAlliance, which [...]
Becker’s 19th Annual Pain and Orthopaedic Conference Takeaways
Representatives of ASCs Inc. recently presented at the Becker’s 19th Annual Spine and Orthopaedic Conference held June 16-22, 2022 in Chicago. The following article includes excerpts from two presentations: Jim Freund, Managing Partner of ASCs Inc. was on panels addressing Is it the Right Time to Sell? What Happens Next? And ASC Management and Transactions: Big Trends for 2023 Stephanie Tarry of ASCs [...]
Florida Urology Center Enters into Partnership with US Urology Partners
PALM COAST, Fla., July 7, 2022 /PRNewswire/ -- ASCs Inc. is pleased to announce that Florida Urology Center and Physicians Ambulatory Surgery Center has entered into a partnership with U.S. Urology Partners. "Florida Urology Center's mission of providing quality, affordable and compassionate care to its patients was the basis on which we founded our practice and our surgery center," states Dr. Greg Parr, a founding partner. [...]
Is your healthcare organization considering a strategic transaction? 7 Qs with Jim Freund of ASCs Inc.
Healthcare transactions increased in the last year, with physician medical group deals jumping 119 percent year over year, according to a PwC report. The COVID-19 pandemic stressed many smaller physician-owned practices, and costs to run ASC businesses aren’t likely to drop any time soon. Many physicians are looking to merge with other independent physician groups, sell to a private equity firm or to [...]
Selling ASC & MOB Real Estate: The 2022 Outlook and Mistakes to Avoid
Many physicians who own their ASC and MOB real estate may be considering a sale-leaseback of their ASC/MOB real estate to take advantage of the increase in value of medical real estate. Due to the long-term success and profitability of ASCs, excellent credit history and rent coverage, and the likelihood that the ASC will remain in the same location for many years to [...]
Keith LeBlanc Joins ASCs Inc. as Senior Advisor
San Diego, CA., June 1, 2022 – ASCs Inc. is pleased to announce that Mr. Keith LeBlanc is joining our team as a Senior Advisor. “Keith has an incredible background and skill set that will be invaluable as we enter into more complex client engagements,” states Managing Partner Jim Freund. “I have known and worked with Keith for almost two decades and he is [...]
SOLD – Alaska Eye Surgery Center and MOB Real Estate
March 3, 2022 — ASCs Inc. is pleased to announce the closing of a real estate sale-leaseback transaction for the Alaska Eye Surgery Center and Laser Center and Alaska Lasik & Cataract Center located in downtown Anchorage, Alaska. The condominium units are located within the Ann Stevens Building, aka the American Red Cross of Alaska building. The Alaska Eye Surgery Center is considered among [...]
SOLD – Avala Surgical Hospital in Covington, Louisiana
February 23, 2022 — ASCs Inc. is pleased to announce the closing of a healthcare real estate sale-leaseback transaction for Avala Surgical Hospital (“Avala”) located in Covington, Louisiana. Avala is a premier 60,087 square-foot, 21-bed surgical hospital with 8 Operating Rooms and 3 Procedure Rooms, which offers some of the most innovative and minimally invasive surgeries in the south. Avala offers a wide range [...]
National Management Company Purchases Modesto Surgery Center
February 15, 2022 — ASCs Inc. is pleased to announce that the physician-owners of the Modesto Surgery Center have sold the ASC to a national Surgery Center Management Company and a syndicated group of surgeons. The physician-owners of the single-specialty ASC were seeking an exit strategy and a buyer for the ASC business that could provide the resources needed to grow the center, [...]
SOLD – Georgia Orthopaedic MOB/ASC Real Estate
February 9, 2022 — ASCs Inc. is pleased to announce the closing of a healthcare real estate sale-leaseback transaction for the Houston Orthopedic Surgery & Sports Medicine, Middle Georgia Orthopedics and Houston Orthopedic Surgery Center building located in Warner Robbins, Georgia. The 34,697 square foot building is home to the county’s dominant orthopaedic practices. The facility is home to an ambulatory surgery center, physical [...]
National Hospital System Acquires Northridge Surgery Center
February 1, 2022 — ASCs Inc. is pleased to announce the sale of the Northridge Surgery Center to a national hospital system that is focused on expanding its outpatient footprint to support their growth initiatives. The owners of the new multi-specialty ASC, with three operating rooms and located in a prime location in Northridge, CA, wanted to consider multiple options when it came [...]
Sold – McKinney, TX ASC to Private Investor in 1031 Exchange
January 25, 2022 — ASCs Inc. is pleased to announce the closing of an ASC real estate sale-leaseback transaction for the Wellness Ambulatory Surgery Center (WASC) located in McKinney, Texas. The newly constructed center is CMS certified, AAAHC accredited and credentialed for 23 hour stays to accommodate the majority of spinal, general surgery and vascular cases. The state-of-the-art facility occupies 13,152 sf with [...]
Newport Multi-Specialty Surgery Center sold to a Regional Healthcare Organization
January 19, 2022 — ASCs Inc. is pleased to announce the sale of Newport Beach Multi-Specialty Surgery to a regional surgery center management company that is focused on expanding its platform throughout Southern California. The multi-specialty ASC, with three full operating rooms, is located in a prime location in Newport Beach and has been operational for 20 years. The founding partner, who was [...]
ASC Real Estate Sells for Above Appraised Value
November 11, 2021 — ASCs Inc. is pleased to announce the closing of an ASC real estate sale-leaseback transaction for the Freeman Health Surgical Center located in Joplin, Missouri. The 17,400 square-foot center features four fully-equipped operating rooms, one swing room, and one procedure room with the latest medical instrumentation. The surgery center is equipped for general, gynecological, hand & microvascular, neurosurgery, orthopedic, otolaryngology, pain management, [...]
How Much Is Your ASC Worth?
Learning your surgery center’s value can help with short- and long-term planning After ASC owners engage ASCs Inc. in Valley Center, California, to help facilitate a sale, the process they follow involves collecting significant due diligence material and developing a confidential information memorandum (CIM), says Jonathan Vick, the company’s founder and managing partner. This document shares financial and operational information about the ASC that is critically [...]
ASCs Inc. Sells Southern California ASC and MOB for $4.6M
March 5, 2021 — ASCs Inc., the nation’s leading healthcare real estate team focused exclusively on outpatient surgical facilities and medical office buildings, is pleased to announce the real estate sale of a 15,000 SF MOB located in San Diego, CA. The two story building houses multiple medical offices along with a two room, single-specialty ambulatory surgery center The seller was a Family [...]
Stephanie Tarry Joins ASCs Inc. as Executive Vice President
San Diego, CA., February 3, 2021 – ASCs Inc., the nations’ leading firm focused exclusively on representing physician-owners who are selling an interest in their surgery center, surgical hospital, ancillary services and/or ASC/MOB real estate, today announced that Ms. Stephanie Tarry is joining their team as Executive Vice President. “Stephanie is a proven leader in the ambulatory surgery center and surgical hospital industry,” [...]
ASC Real Estate Trends in 2020
Jon Vick, founding partner at ASCs Inc. sat down with Laura Dydra, the editor-in-chief of Becker’s ASC Review, to discuss what they are seeing today in the ASC real estate market. Click here to read the entire article at Becker's ASC Review. Topics include: What is your sense of the current ASC Real Estate Market, especially since Covid-19 began? Why would an ASC [...]
Trends in Surgery Center Mergers and Acquisitions for 2020
Jim Freund, senior partner at ASCs Inc. and Becker’s Healthcare very first vendor partner more than 25 years ago, sat down with Laura Dydra, the editor-in-chief of Becker’s ASC Review, to discuss the current status of the the M&A space since COVID-19. Click here to read the entire article at Becker's ASC Review. Topics include: What is your sense of what is happening [...]
Florida ASC Real Estate Sold in Sale-Leaseback Transaction
July 14, 2020 — ASCs Inc. is pleased to announce the closing of an ASC real estate sale-leaseback transaction for the BAPTIST EYE SURGERY CENTER located in Sunrise, FL. The ambulatory surgery center serves Broward, Palm Beach and Miami-Dade counties and benefits from a superior location and its successful partnership between majority owner Baptist Health South Florida and 11 eye surgeons. While less than five-years [...]
ASCs Inc. to Present at ASCA 2020 Virtual Conference
Jim Freund, Senior Partner at ASCs Inc., will present the "Keys to Successfully Selling an Interest in Your ASC or your ASC/MOB Real Estate" at the ASCA 2020 Virtual Conference and Expo on July 9th. At some point virtually every ASC owner will consider selling an interest in their business and/or their real estate. Learn about current opportunities and trends, the challenges and [...]
Selling ASC Real Estate: Avoiding Mistakes
Seven Common Mistakes Made by Sellers of ASC/MOB Real Estate Many ASC physician-owners who own their ASC real estate may be considering a sale/leaseback to provide liquidity and a source of capital during the current slowdown. Due to the long-term success and profitability of surgery centers, excellent credit history and rent coverage, and the likelihood that the ASC will remain in the same [...]
Tips for Maximizing ASC Real Estate Value
Many ASC physician-owners also own the underlying real estate and may not realize how valuable that property has become. Due to the long-term success and profitability of surgery centers, excellent credit history and rent coverage, and the likelihood that the ASC will remain in the same location for many years to come, ASC real estate has become increasingly attractive to real estate investors. [...]
The ABCs of selling ASCs
For surgery center owners, at some point you will likely consider selling an interest in your practice, ASC and/or real estate. While the motivations are different for everyone, as are the expectations, there are certain aspects of any transaction that are vitally important to consider before you embark on the sales process. A is for AWARE. Be aware that while this is most likely [...]
Meridian ASC/MOB real estate sells for $6.8M
A 21,000-square-foot ASC/MOB property in Meridian, Miss., recently sold for a premium value of $6.8 million. Pain Concepts of Meridian, MS sold their property consisting of a freestanding Medicare certified two-operating room surgery center and medical office space to a Real Estate Investment Trust - in an all-cash transaction. The property, known as Total Pain Care, is the only free-standing surgical center dedicated [...]
Sale & Leasebacks of ASC/MOB Real Estate
At the Becker’s ASC Review 25th Annual Meeting: The Business and Operations of ASCs, a seminar on How to maximize the value of your ASC/MOB real estate and defer taxes in a sale/leaseback was presented. Following are questions and answers from that seminar. Why sell and leaseback my ASC/MOB real estate? Many physicians who own their ASC/MOB real estate do not realize how [...]
Helping Physician-owners Sell Their ASC business
Given that many physicians who have sold their ASCs to a strategic partner (ASC management company, hospital or private equity firm) have done so by themselves, physician-owners of ASCs may be interested in better understanding what goes into a successful transaction and what to look out for. Here, Jon Vick, founder and president of ASCs Inc., and Jim Freund, partner at ASCs Inc., [...]
