You built a surgery center.

Most physician-owners don’t realize how many options they have for what comes next.

Are you asking yourself any of these?

How do I fund an ASC expansion or renovation without taking on new debt?
How do we stay private and independent when health systems and others keep knocking?
How do I increase the return on everything I've built here?

If any of those sound familiar, you're not stuck. You may just not know yet what your building is worth — and what it can do for you.

Find out what your building is worth

Most physician-owners think this is an either-or decision.
It rarely is.

These are the options most physicians have been weighing. They aren't the only ones.

The physicians who get the best outcomes are usually the ones who had a conversation they didn't know they needed — before they made any decisions at all.

Hold on to the building indefinitely — or get out entirely.
Stay fully in control, or walk away from what you built.
Sell everything and be done — or keep everything as is.

What your colleagues already know

Three things physicians tell us they were worried about before the conversation.

These concerns are real. Here is how we address each one.

Control

Won't I lose control of my building?

No. A long-term NNN lease keeps you as the operator. Your lease defines the terms. Your staff, your patients, your schedule — none of it changes. Many physicians tell us they feel more in control after, because the financial pressure of carrying the asset is gone.

Tax

What about capital gains tax?

It's a real consideration and it belongs in the conversation from day one. How a transaction is structured matters enormously for your tax outcome. This is exactly why the process — and who guides you through it — is as important as the price you receive.

Retirement

Isn't this building my retirement plan?

For many physicians, it is. That's the right instinct. The question is whether real estate earning 2 to 3% per year is actually performing as a retirement asset — or whether that same capital, liquid and working, serves your retirement better. That's the conversation worth having.

Sell the building. Keep the practice.

A sale-leaseback lets you sell your medical real estate to a private or institutional buyer, sign a long-term lease, and keep operating in the same location.

Your equity stops being tied up in a building. It starts working.

The option most physicians don't know about

You can also sell at full market value and retain a minority ownership interest in the real estate. This means that you and your physician partners can still participate in the upside of the real estate, have a clear exit plan, and bring in or buy out partners without anyone paying above market. It's not all or nothing.

What changes vs. what stays the same

What changes What stays the same
You receive a lump-sum payment for the building Your location, your patients, your staff
You pay rent instead of carrying the asset Your clinical autonomy and daily practice
Your equity is now liquid and working for you Your identity as a practicing physician
You can invest proceeds at 10% or greater returns Your operational control of the facility

Why physicians do this, the top 10 reasons

What your building's equity can actually do for you:

  1. Pay off facility debt and clear your balance sheet
  2. Improve liquidity and financial flexibility
  3. Fund an expansion or renovation without a bank loan
  4. Eliminate personal guarantees on your facility loan
  5. Simplify ownership — buy out partners or bring in new ones without friction
  6. Reset rent to increase EBITDA, cash flow, and strengthen your ASC valuation
  7. Convert equity into investable capital earning 10%+ vs. 2–3% in real estate appreciation
  8. Retain a minority interest — participate in real estate upside while cashing out the majority
  9. Maintain full operational control with a long-term NNN lease
  10. Stay independent — use real estate proceeds to fend off health system acquisition pressure

What your ASC real estate equity is worth, and what it could be doing instead.

Right now, your building earns you 2 to 3% per year in appreciation. That's not a bad investment. It's just not your best one.

If you hold the building

$300K–$350K

per year on a $5M building

2–3% annual appreciation. Equity locked in the asset. Capital that isn't working for you anywhere else.

If you unlock the equity

$500K+

per year on that same $5M

Same capital. Completely different deployment. And nothing about how you practice medicine changes.

The transaction typically takes about six months. Your long-term lease keeps you in your building. Your patients never notice a thing.

See how to maximize the value of your ASC real estate

35 years in ASC real estate. You work directly with the people who have been doing this their entire careers.

We spend our careers working in ASC real estate. Not healthcare broadly. Not commercial real estate generally. Physician-owned ambulatory surgical centers, surgical hospitals, and medical office buildings, specifically.

When you work with us, you work directly with Jon Vick and Jason Winokur. Not someone briefing them afterward. No upfront fees. We get paid when you do.

Most of the physicians we work with come in thinking they have two options. They leave knowing they had four all along.

35+

Years in ASC Real Estate

500+

Completed Transactions

$3B+

Total Deal Value

$0

Fees Until Closing