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24 JOINT VENTURES OSU Wexner Medical Center eyes $43M outpatient center By Rachel Popa T he Ohio State University's Wexner Medical Center in Columbus is gearing up to buy an outpatient medical building for $43 million, according to Columbus Business First. OSU officials said the new building would align with the hospital's ambulatory care plan. The health system considered the request in November. The purchase also requires approval by a state legislative board and two price appraisals. Wexner Medical Center is also seeking approval for the design and construction of an 840-bed hospital tower and outpatient complex on its west campus. n Real estate firm pays $56.1M for Missouri medical office building, orthopedic practice — 3 insights By Eric Oliver M B Real Estate Advisors acquired a medical office building and orthopedic center in Nov., spanning 184,181 square feet, for $56.1 million, Commercial Property Executive reported. What you should know: 1. The properties include a laboratory, an outpatient surgery center and an imaging facility. 2. MB Real Estate leased the space back to its current tenants. 3. Commercial Property Executive said the transaction was one of the largest sales by an independent medical group in Central Missouri in recent history. n Competition between ASCs, physician practices could ramp up: 2 reasons why By Angie Stewart A SCs primarily compete with hospitals, but they're facing another layer of competition as more investors enter the space, according to Health Capital Consultants. ASCs could face more competition from physician practic- es that perform office-based surgeries and other revenue- producing procedures, HCC's Todd A. Zigrang and Jessica L. Bailey-Wheaton wrote in an October newsletter. There are two reasons for more competition between these players: 1. Reimbursement is increasingly based on quality, rather than quantity. 2. There is increasing integration and affiliation among hospitals, physician practices and other outpatient pro- viders who become affiliated with an ACO. n AmSurg ASC plans partial ownership transfer valued at nearly $6.2M By Angie Stewart S pringfield, Mass.-based Pioneer Valley Surgicenter, which is currently owned by AmSurg and individual physicians, is planning a partial transfer of ownership. Nashville, Tenn.-based AmSurg is partnering with Spring- field-based Baystate Medical Center to purchase partial ownership in the ASC. The proposed expenditure for AmSurg BMC — the Wilm- ington, Del.-based purchasing entity — is $6,169,990. It will acquire the portion currently owned by AmSurg. AmSurg BMC filed a notice of determination of need with the Massachusetts Department of Public Health on Oct. 31. Pioneer Valley Surgicenter's 16 surgeons specialize in gastroenterology, ENT and orthopedics. The surgery center doesn't anticipate any price or service changes as a result of the transfer. n