22 new ASC joint ventures in 2014

Anuja Vaidya - Print  |

Here are 22 ambulatory surgery center joint ventures established in 2014.

Great Bend, Kan.-based Centura Health and Hays Medical Center (HaysMed) signed a letter of intent to co-own St. Rose Ambulatory & Surgery Center.

Los Angeles County-USC Medical Center formed a strategic alliance with Surgical Care Affiliates to manage several of its surgery centers.

Newport Beach, Calif.-based Hoag Memorial Hospital Presbyterian has invested in Newport Bay Surgery Center, an ophthalmology center.

Hurley Health Services, based in Swartz Creek, Mich., and Lapeer (Mich.) County Surgery Center formed a new affiliation agreement.

Somers, N.Y.-based Merritt Healthcare opened its Western Connecticut Orthopedic Surgical Center in Danbury, Conn., which is a partnership among 14 spine, orthopedic and hand surgeons and Merritt Healthcare.

Surgical Care Affiliates and Newport Beach, Calif.-based DISC Sports & Spine formed a joint venture.

Last quarter Orlando (Fla.) Health invested $1.4 million in Orlando Health/USP Surgery Centers LLC. Orlando Health/USP Surgery Centers then acquired a 51 percent interest in University Surgical Center in Winter Park, Fla., and as of July, Orlando Health owns 25.6 percent, the controlling interest, in the center.

Davis (Calif.) Surgery Center and UC Davis Medical Center in Sacramento, Calif., created an affiliation agreement that allows UC Davis orthopedic surgeons to perform cases at the surgery center.

Mercy Medical Center Sioux City and United Surgical Partners International partnered to acquire a majority interest in Siouxland Surgery Center in Dakota Dunes (S.D.).

Orthopaedic Associates of Maryland Surgery Center and Ellicott City Ambulatory Surgery Center have merged and will consolidate operations in Ellicott City, Md. The ASC merger is a joint venture between Merritt Healthcare and 14 physician partners.

The Greater Gaston Center could open in Gastonia, N.C., in December or earlier. The center is a joint venture between Physicians Endoscopy and five gastroenterologists.

Glendale (Calif.) Adventist Medical Center reopened the Physicians Adventist Surgery Center as a joint venture, with local physicians as stakeholders and ASD Management as the managing company.

Regent Surgical Health opened the joint venture Plaza Ambulatory Surgery Center in Portland, Ore. — a joint venture between Regent Surgical Health, local physicians and Providence Health & Services.

Rex Healthcare, based in Raleigh, N.C., plans to recruit 20 to 30 surgeons for a joint venture ambulatory surgery center.

A group of physicians in partnership with SurgCenter Development opened Monocacy Surgery Center in Frederick, Md.

Kaleida Health and a group of 22 physicians plan to open the 16,000-square-foot, multispecialty Southtowns Ambulatory Surgery Center in Orchard Park, N.Y.

Florida International University and Miami Children's Hospital partnered to open a 36,000-square-foot pediatric outpatient surgery facility on the FIU campus in Miami.

Massac Memorial Hospital and the Orthopedic Institute of Western Kentucky announced their intention to open an outpatient orthopedic and podiatric surgery center in Metropolis, Ill.

Northstar Healthcare announced the acquisition of ownership interests in an urgent care center and two imaging centers in Houston.

Meridian Surgical Partners, LLC is pleased to announce that its Battle Creek, Mich.-based facility, Brookside Surgery Center, LLC, has partnered with Bronson Battle Creek, a subsidiary of Bronson Healthcare. This is the first hospital partnership for Meridian Surgical Partners.

Local physicians have partnered with the Northwest Community Healthcare Day Surgery Center on a joint venture to provide outpatient surgery on the NCH campus in Arlington Heights, Ill.

A group of 20 surgeons affiliated with OrthoCarolina opened Mallard Creek Surgery Center in partnership with Gaul Surgical Properties. Gaul Surgical Properties, an affiliate of OrthoCarolina, owns 70 percent of the surgery center and the physicians own the remaining 30 percent.

More articles on ASC transactions and valuations:

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