7 things for ASC leaders to know for Thursday — April 12, 2018

Here are seven updates for ASC leaders to know for April 12, 2018.

SurgCenter Development building surgery center in Pennsylvania
Towson, Md.-based SurgCenter Development is developing Delaware River Surgical Suites in Warrington, Pa. The surgery center will occupy an existing three-story medical office building.

Surgical Care Affiliates, Anne Arundel Medical Center to open 2 ASCs
Annapolis, Md.-based Anne Arundel Medical Center and Surgical Care Affiliates are partnering to open two outpatient surgery centers. The Pasadena, Md.-based AAMC Surgery Center is scheduled to open in January 2019. A surgery center in Annapolis is expected to open in April 2019.

VMG Health's Intellimarker 2018 now online
VMG Health launched a web-based version of the Intellimarker to include data gathered from ASCs across the U.S. The Intellimarker includes data based on analysis of 270 ASCs across the U.S. The aggregated data represents surgical case volume of more than 1.3 million and is designed for ASCs to better understand relative financial and operational performance.

Edmonds Orthopedic Center opening total joint-focused surgery center
Edmonds (Wash.) Orthopedic Center surgeons will open a hip and knee replacement-focused outpatient surgery center in the coming months. The center will be developed around SwiftPath Program protocols. The SwiftPath Method is a series of evidence-based rapid recovery protocols, developed exclusively for outpatient surgeries.

Palmetto Bone & Joint opens $9M facility with orthopedic surgery center
Clinton, S.C.-based Palmetto Bone & Joint opened a $9 million facility in Chapin, S.C. The approximately 20,000-square-foot facility will offer orthopedic treatments and outpatient surgery for issues ranging from sports injuries to geriatric ailments.

TriHealth acquires minority ownership of Urology Group's surgery center
Cincinnati-based TriHealth acquired a 15 percent ownership stake in Urology Group's outpatient surgery center, also in Cincinnati. The 17,800-square-foot center is among the nation's largest independently operated outpatient urology surgery centers.

The saga ends — UnitedHealthcare to terminate Envision contract
UnitedHealthcare will terminate its contract with Envision Healthcare and Envision subsidiaries, effective no later than Jan. 1, 2019. United is asking the U.S. District Court of Southern Florida to force Envision into arbitration to settle pending suits. Envision sued UnitedHealth over allegations the payer violated a contract by refusing to add Envision physicians to its network, and lowering negotiated payment rates. UnitedHealth objected to the allegations.

More articles on transactions and valuation:
TriHealth acquires minority ownership of Urology Group's surgery center — 4 insights
Freestanding North Carolina endoscopy center to open, 1st in Brunswick County — 3 insights
8 hospitals, health systems opening or planning ASCs

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