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.
More Insights
ASC Real Estate Trends in 2020
Jon Vick, founding partner at ASCs Inc., and Jason Winokur, a healthcare real estate expert and broker and a partner at JH Winokur, 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 [...]
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. and JH Winokur, Inc. are 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 [...]
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., [...]
