Atlas Healthcare Partners & Banner Health Acquire 2 Arizona ASCs
Atlas Healthcare Partners, in partnership with Banner Health, one of the largest nonprofit health care systems in the country, announced the acquisition of two ambulatory surgery centers (ASCs) in Scottsdale and Tucson, Arizona. The two ASCs, Banner Surgery Center – Desert Vista and Banner Cardiovascular Center – Tanque Verde, grow Atlas Healthcare’s portfolio to 27 ASCs that it manages throughout the United States. Banner Surgery Center – Desert Vista, located in Scottsdale, Arizona, will feature two operating rooms. It will also provide pain management and spine services in partnership with two physician investors. Banner Cardiovascular Center – Tanque Verde was converted from an... Read More »
Orthopedic Care Partners Expands Presence in Missouri
On Aug. 29, Orthopedic Care Partners (OCP) announced it acquired an ambulatory surgery center (ASC) in Wentzville, Missouri for an undisclosed price, marking Orthopedic Care Partners’s second acquisition of 2022. The company previously acquired the practice of Dr. Luke Choi, an orthopedic practice in Jefferson City, Missouri. The facility, which opened in late 2021, includes clinic space, an imaging center and two operating rooms. OCP, a portfolio company of Varsity Healthcare Partners, is a strategic partner and support organization for top-performing orthopedic practices currently comprised of The Orthopaedic Institute (FL), The Steadman Clinic (CO), Motion Orthopaedics... Read More »
Ambulatory Surgery Center in Naperville, Illinois Sold for $15.2 Million
Physician Real Estate Capital Advisors, LLC (PRECAP) announced on August 15 that it advised a sale of an ambulatory surgery center (ASC) in Naperville, Illinois for $15.2 million. The building was sold by an undisclosed seller. The acquirer is also undisclosed, but it is a privately-held company that specializes in healthcare-related real estate acquisitions. The 19,000 square foot building was built in 2008 and is occupied by Suburban Gastroenterology, Ltd. and Midwest Endoscopy Center, LLC. SGI employs nine physicians with a tenth starting in 2023. The price is $763 per square foot. PRECAP provides sale-leaseback and investment sale healthcare real estate advisory services to... Read More »
The Rise Fund Acquires Blue Cloud Pediatric Surgery Centers
On February 28, The Rise Fund, TPG’s multi-sector global impact investing strategy, announced the acquisition of Blue Cloud Pediatric Surgery Centers, an operator of pediatric dental ambulatory surgery centers (ASCs) dedicated to providing dental care to pediatric and special needs patients under general anesthesia. Financial terms of the transaction were not disclosed. The Rise Funds are a core pillar of TPG Rise, TPG’s global impact investing platform. Founded in 2016 by TPG in partnership with Bono and Jeff Skoll, The Rise Funds invest behind impact entrepreneurs and growth-stage, high potential, mission-driven companies that are focused on achieving the United Nations’... Read More »Schedule a demo
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