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40 Ambulatory Surgery Center Acquisition Agreements in 2013

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Here are 40 ASC acquistions that occured in 2013.

In 2013, Surgical Care Affiliates acquired Health Inventures, a national surgical and physician services company operating more than 20 ambulatory surgery centers in partnership with 10 health system partners. Foundation Healthcare, formerly Graymark Healthcare, acquired Foundation Surgery Affiliates and Foundation Surgical Hospital Affiliates. As a result of the acquisition, Foundation Health acquired non-controlling equity interests in 11 surgery centers in seven states.

Here are 40 other ambulatory surgery center acquisitions that occurred in 2013.

Note: This list is not comprehensive. If you would like to recommend a center to add to this list please contact Carrie Pallardy at This email address is being protected from spambots. You need JavaScript enabled to view it.

Arizona

In July, Banner Health acquired full ownership of Union Hill Surgery Center in Glendale. The center was renamed the Banner Del E. Webb Surgery Center.

In August, Banner Health acquired full ownership of the ASC on the Banner Thunderbird Medical Center campus in Glendale, Ariz. The surgery center will become a hospital outpatient department.

In December, Northstar Healthcare announced its winning bid of $460,000 to acquire outpatient surgery center Brown Hand Center in Scottsdale, Ariz.

California

In January, NVISION Laser Eye Centers acquired Eye Surgery Center of Northern California and Meister Eye & Laser Center, both in Sacramento.

In November, NVISION Laser Eye Centers acquired Capital Eye Medical Group in Carmichael, Calif.

Connecticut

In July, Merritt Healthcare announced the majority ownership sale of Diagnostic Endoscopy Center in Stamford to AmSurg.

Florida

In March, MyLooks, a Boca Raton-based cosmetic surgery company, acquired four Florida surgery centers to expand its market presence.

Effective May 1, Compass Surgical Partners acquired an equity interest in Bay Area Physicians Surgery Center in Brandon, Fla.

In May, Newsom Eye & Laser Center in Tampa acquired Guggino Eye Center.

Illinois

In May, a group of 11 Midwest Orthopaedics at Rush physicians announced their intention to buy a 65 percent share in the Gold Coast Surgicenter in Chicago, for $1.95 million.

In June, United Surgical Partners International sold Elmwood (Ill.) Same Day Surgery Center for $1.4 million to Scott Borre, CEO of Instant Care Management.

In July, Swedish Covenant Hospital in Chicago announced intentions to buy the remaining 46 percent stake in the Center for Ambulatory Surgery at Swedish Covenant for $1.4 million.

In November, Edwards Hospital & Health Services acquired majority stakes in Salt Creek Surgery Center in Westmont, Ill., and Midwest Endoscopy Center in Naperville, Ill.

Kansas

In October, HCA Midwest Health System acquired a 51 percent ownership stake in Heart of America Surgery Center in Kansas City.

Maryland

In March, Merritt Healthcare purchased an interest in Central Maryland Ambulatory Surgery Center in Baltimore and assumed managerial responsibility of the center.

Massachusetts

In January, Good Samaritan Medical Center in Easton acquired North Easton Surgery Center.

In August, Saint Anne's Hospital in Dartmouth, Mass., acquired the ambulatory surgery-endoscopy and sleep centers of Hawthorn Medical Associates. After the acquisition, the hospital formed the Saint Anne's Hospital Ambulatory Care Center.

Missouri

In an agreement to purchase St. Mary Medical Center in Blue Springs, Mo., HCA Midwest Health System also acquired seven surgery centers in May.

New York

In May, St. Francis Hospital in Poughkeepsie absorbed the Hudson Valley Center at Saint Francis, previously a joint venture outpatient surgery center.

Ohio

In January, TriHealth, based in Cincinnati, purchased two Ohio surgery centers.

Pennsylvania

In January, Physicians Endoscopy acquired a majority share in the Endoscopy Center of Bucks County in Newton.

In April, Crozer-Keystone Health System acquired the Surgery Center of Pennsylvania. The center was renamed the Crozer-Keystone Surgery Center at Haverford.

South Carolina

In November, Physician's Eye Surgery Center of Charleston (S.C.) joined AmSurg.

Tennessee

In October, Campbell Clinic Orthopaedics acquired Midtown Surgery Center in Memphis, Tenn.

Texas

On Dec. 24, Physician Partners of America announced the acquisition of Frisco Ambulatory Surgery Center.

Utah

Effective Oct. 1, Castleview Hospital acquired Eastern Utah Surgical Center. The center was renamed Castleview Hospital Surgery Center.

Wisconsin

In October, Aurora Health Care acquired Manitowoc (Wis.) Surgery Center.

Effective Dec. 31, St. Nicholas Hospital acquired Sheboygan (Wis.) Surgery Center.

More Articles on Transactions and Valuation Issues:
13 Ambulatory Surgery Center Openings, Plans & Expansions
ASC Sector M&A Activity: Outlook for 2014
Industry Evolution: Where Does the Future of ASC Independence Stand?

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