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 nearing retirement, was looking for a group that would help him transition the center and provide a platform for growth.
“There is no question that the best way for ASC owners to realize maximum value for their assets is to expertly market their organizations and create a very competitive sales environment,” states Jon Vick, Managing Partner of ASCs Inc. “We introduced the opportunity to over a dozen prospective buyers that either had or were considering investing the Southern California market. Our disciplined process enabled our client to realize maximum value for the center while enabling the founding partner to transition his portion of the business.”
“We simply would not have ended up with the outcome we did without the expert representation provided by Jon Vick and the entire ASCs Inc. team,” said Dr. George Brennan, founder of Newport Beach Multi-Specialty Surgery. “They helped create a very competitive environment for our center and we ended up with an exceptional result.”
About ASCs Inc.
For over 20 years the industry-leading team at ASCs Inc. has focused exclusively on representing the best interests of physician-owners who are selling an interest in their surgical center, practice or medical real estate. By leveraging the knowledge, experience and expertise that has come from successfully managing over 300 complex and time-consuming transactions the ASCs Inc. team enables our clients to realize the best possible financial and non-financial results using our risk-free process.
ASCs Inc. has offices in California, Connecticut, Missouri and Colorado and has two divisions that represent physician-owners who are either considering a strategic transaction or a real estate sale and leaseback.