ASC Transactions & Valuation Issues

The U.S. Court of Appeals for the 8th Circuit ruled Iowa's certificate-of-need law did not violate the 14th Amendment, upholding a lower court's opinion, Jurist reports.

Brownsville, Texas-based Valley Regional Medical Center completed its ASC renovation project, according to construction firm SpawGlass.

Kayne Anderson Capital Advisors purchased the medical office complex that houses Atlantis Outpatient Center for $7.3 million, The Real Deal reports.

In certain states, the COVID-19 pandemic curve is shrinking and calls to restart elective surgery programs are growing louder by the day.

Tenet announced more furloughs and additional measures to control costs amid the COVID-19 crisis, according to Reuters. 

Optum announced April 15 that CEO Andrew Witty is taking a temporary leave of absence and reported $32.8 billion in revenues for the first quarter of 2020.

A 14,384-square-foot ASC was sold for an undisclosed amount, according to ERE Healthcare Real Estate Advisors.

Stocks continue to rebound gradually as efforts continue to combat the COVID-19 pandemic.

Here are eight updates on ASC companies and industry-relevant companies to note: 

Thirty-five governors have issued executive orders to cancel elective surgical procedures in their state.