ASC Transactions & Valuation Issues

Vestavia Hills, Ala.-based Vestavia Medical Plaza is on track to open in November, the Vestavia Voice reports.

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

The debt backing KKR's $9.9 billion Envision Healthcare buyout has dropped in value amid concerns over government scrutiny of medical billing practices, Financial Times reports.

WellSpan Health will open its $15 million Greencastle Health Center Sept. 9.

Chicago-based Cook County Health is seeking state approval to build a new inpatient and outpatient facility adjacent to Provident Hospital of Cook County.

Talomon Capital, a London-based investment firm, bought about 2.6 million shares of Brentwood, Tenn.-based Surgery Partners, according to the Nashville Post and Brentwood Home Page.

Regarding the recent Becker article:

Nick Beale, director at Hammond Hanlon Camp, keeps a close eye on ASC transactions. He shared his observations on the topic with Becker's ASC Review.

Cape Regional Health System expects to open a $15 million, 19,000-square foot ASC on the campus of Cape Regional Medical Center in Cape May Court House, N.J. in the summer of 2020, according to the Press of Atlantic City.

Hospital of Central Connecticut wants to purchase a majority stake of the soon-to-open Rocky Hill Surgery Center, the Hartford Business Journal reports.