10 Hospitals Building, Planning or Gaining Ownership of Ambulatory Surgery Centers
1. New York's Women's & Children's Hospital. Women & Children's Hospital in Buffalo, N.Y., is continuing its plans to construct a new ambulatory surgery center on the Buffalo Niagara Medical Campus, according to a Buffalo Business First report. Kaleida Health, parent of Women & Children's, plans to shift ambulatory surgery services from the hospital to a $3.9 million surgery center to be housed inside a $90 million medical office building currently under development.
2. Maryland's Anne Arundel Medical Center. Anne Arundel Medical Center in Annapolis, Md., opened a new surgery center on Monday and is now recruiting surgeons for the facility. As part of its strategy, AAMC has recruited a number of surgeons to expand services already offered or to start new programs. The new multi-specialty surgery center that opened Monday will specialize in gastrointestinal surgeries, treating ailments such as colitis and inflammatory bowel disease.
3. North Carolina's New Hanover Regional Medical Center. Brunswick Novant in Bolivia, N.C., is in talks with New Hanover Regional Medical Center to sell an outpatient surgery center that the health system started building in 2010. Novant stopped building the surgery center in 2010 because of financial issues stemming from the recession. According to the report, a new CON would not have to be issued to transfer the interest to New Hanover Regional.
4. North Carolina's Wake Forest Baptist Medical Center. Plans for a $38.7 million ambulatory surgery center near Wake Forest Baptist Medical Center's main campus in Winston-Salem, N.C., could remain in legal limbo for another 18 to 30 months. Novant Health's opposition to the facility will be heard by the N.C. Court of Appeals during oral arguments next month. The center would be built in the Ardmore neighborhood.
5. North Carolina's MedWest Haywood Hospital. A new outpatient surgery center opened in early August on the campus of MedWest-Haywood Hospital in Clyde, N.C., part of Carolinas HealthCare. The $9.3 million project was financed with equity put up by 20 physicians in the community, each of whom invested capital in exchange for a real estate interest in the project. The hospital will still lease the space, outfit it with equipment and manage its operation, but did not pay for any of the construction costs. The business arrangement marries the hospital and community, according to the report.
6. Kalispell Regional Medical Center. An official with Kalispell Regional Medical Center said work on a new $42 million surgical tower is approximately 75 percent complete. According to the report, hospital spokesman Jim Oliversen said the tower should be finished by February 2013. The three-story building will add new operating rooms, same-day surgery beds, procedure rooms, offices and other facilities.
7. Tennessee's Regional Medical Center of Memphis. After years of failing financially, the Regional Medical Center of Memphis (Tenn.) is on track to becoming one-stop shop for patients with new renovations. To make the hospital more competitive, CEO Reginald Coopwood, MD, and his staff are looking to add an ambulatory surgery center, an orthopedic unit, private rooms and $20 million in new technology.
8. Provena United Samaritans Medical Center. Provena United Samaritans Medical Center has received approval from the state to acquire Danville HealthCare, an ambulatory surgery center in Danville, Ill. The Illinois Health and Facilities Planning Board recently approved Provena's application to transfer ownership of the outpatient surgery center to Provena United Samaritans Medical Center.
9. Ohio's St. Elizabeth Surgery Center. Humility of Mary Health Partners opened its new St. Elizabeth Robotic Surgery Center, located on the top floor of the St. Elizabeth Health Center in Youngstown, Ohio. Various minimally-invasive robotic surgeries will be available at the center, including urological, gynecological, general and thoracic procedures. The renovation of the unit cost about $125,000 and was designed to anticipate growth of the center's robotic surgery program.
10. New York's Hudson Valley Hospital Center. Hudson Valley Center for Digestive Health, a joint venture between Hudson Valley Hospital Center, five local GI physicians and Physicians Endoscopy, opened earlier this month. The center contains two rooms and is located within the hospital's newly constructed medical office building. The two practices have been developing the new GI/endoscopy center for the past 18 months, after the physicians realized that consolidating their office-based endoscopy rooms into a surgery center would provide a more viable business over the long term.
Related Articles on Transactions & Valuation:
Dr. David Paustian Opens Surgical Center in Neillsville, Wisconsin
Maximizing Endoscopy ASC Value and Sales Price
Maryland's Anne Arundel Medical Center Opens New ASC
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