Selling ASC Real Estate: 5 Things to Know for Flawless Transactions
Selling ASC Real Estate: 5 Things to Know for Flawless Transactions
Ambulatory surgery center physicians often own the ASC’s business and real estate. “Over the last year the stars have aligned so that owners of ASC/medical office building real estate can now sell at a very attractive price, get cash for their real estate, lease back the ASC at market rate rent and realize significant tax advantages,” says Jonathan Vick, founder and president of ASCs Inc.
Mr. Vick explains why the current climate is favorable for real estate sale and the steps physician-owners can take to complete a smooth transaction.
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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. and JH Winokur, Inc. are 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 [...]
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 Jason Winokur and Stephanie [...]
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. and JH Winokur, Inc. are 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 [...]
SOLD – Avala Surgical Hospital in Covington, Louisiana
February 23, 2022 — ASCs Inc. and JH Winokur, Inc. are 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 [...]
