40 Ambulatory Surgery Center Acquisition Agreements 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.
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.
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.
In July, Merritt Healthcare announced the majority ownership sale of Diagnostic Endoscopy Center in Stamford to AmSurg.
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.
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.
In October, HCA Midwest Health System acquired a 51 percent ownership stake in Heart of America Surgery Center in Kansas City.
In March, Merritt Healthcare purchased an interest in Central Maryland Ambulatory Surgery Center in Baltimore and assumed managerial responsibility of the center.
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.
In an agreement to purchase St. Mary Medical Center in Blue Springs, Mo., HCA Midwest Health System also acquired seven surgery centers in May.
In May, St. Francis Hospital in Poughkeepsie absorbed the Hudson Valley Center at Saint Francis, previously a joint venture outpatient surgery center.
In January, TriHealth, based in Cincinnati, purchased two Ohio surgery centers.
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.
In November, Physician's Eye Surgery Center of Charleston (S.C.) joined AmSurg.
In October, Campbell Clinic Orthopaedics acquired Midtown Surgery Center in Memphis, Tenn.
On Dec. 24, Physician Partners of America announced the acquisition of Frisco Ambulatory Surgery Center.
Effective Oct. 1, Castleview Hospital acquired Eastern Utah Surgical Center. The center was renamed Castleview Hospital Surgery Center.
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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