Issue link: https://beckershealthcare.uberflip.com/i/493267
31 Transactions & Joint Ventures ASC » Automates manual chart preparation » Digitizes the patient record with barcode scanning » Eliminates chart retrieval, remote storage, and forms vendor fees » Interfaces with your Practice Management System » Provides real-time communication with your ASCs » Centralizes all A/R and A/P documentation » Eliminates courier, sorting and distribution fees » Accelerates the revenue cycle SIMPLIFY your work day with Surgical Notes! Contact Us Today. (800) 459-5616 sales@surgicalnotes.com www.surgicalnotes.com SIMPLIFY your DOCUMENT MANAGEMENT. SIMPLIFY your CENTRAL BILLING OFFICE. The ASC industry's largest management companies and roughly 20,000 healthcare providers trust Surgical Notes to provide ASC specific, customer focused software solutions that eliminate manual processes, streamline workflow, and accelerate the revenue cycle. $5B in Medical Office Buildings Sold in 2014 — And Investors are Ready for More By Laura Dyrda H ealthcare real estate has been outperforming nearly all other sec- tors of commercial real estate since the recession began, and in- vestors are still interested, according to a report in the Wall Street Journal. The investors are banking on healthcare reform boosting medical office vis- its when more people receive insurance for the first time. Healthcare prop- erties could be more recession-resistant than other office buildings, stores and hotels. In 2014, about $5 billion in medical office buildings were sold. There was around 8 million square feet of new medical office building constructed last year, which increased slightly from 2013 but was way down from 2008 when 26.5 million square feet were delivered. Senior living and assisted living facilities are especially popular. However, investors that have been in the industry for a while caution there are risks to healthcare-related real estate since some accept Medicare and Medicaid patients that are "vulnerable to changes in federal reimbursement rates." n 5 Recent ASC Industry Acquisitions By Carrie Pallardy T he first month of 2015 has had a number of ambulatory surgery center industry transactions, ranging from the company level to the individual center. Here are five recent acquisitions. Sheridan, now the physician services division of AmSurg, acquired the radiology services business Radisphere. Radisphere, which has offices in Ohio and Connecticut, is a group of more than 100 radiologists. AtlantiCare, an Atlantic City, N.J.-based healthcare organization, has opened its third outpatient surgery center. AtlantiCare's newest surgery center, located in Little Egg Harbor, N.J., is the former Sea Oaks Surgery Center. The health system recently acquired the center. Bloss Memorial Healthcare District, based in Atwater, Calif., acquired the Central California Dental Surgicenter. Bloss previously owned two-thirds of the center, but spent $300,000 to acquire the remaining stake. NYC Surgical Associates affiliate, Centers for Special Surgery, agreed to ac- quire 90 percent interest in an ASC. The acquisition of the 5,000-square- foot single operating room ambulatory surgery center, located in Rockland County, N.Y., is subject to the approval from New York State's Public Health and Health Planning Council and the New York State Department of Health. Physicians Realty Trust, a self-managed healthcare properties REIT, ac- quired two West Tennessee Bone and Joint buildings in Jackson for $9.9 mil- lion. The buildings house an ASC, physician offices and imaging services. n