ASC Transactions & Valuation Issues

Here are 10 updates on ASC companies and industry-relevant companies to note:

Memorial Hospital in Gulfport, Miss., has expanded rapidly over the last several months, including The Surgery Center at Cedar Lake in Biloxi, Miss., among its multiple transactions, the SunHerald reports.

Cleveland-based VA Northeast Ohio Healthcare System will break ground on its new outpatient clinic in Youngstown, Ohio, Nov. 13, local CBS affiliate WKBN reports.

Mayo Clinic Health System in Fairmont, Minn., plans to eliminate six positions as it restructures its surgical services, the organization announced in a press release obtained by the Fairmont Sentinel.

ASC transactions surged in the third quarter of 2019, according to new research from Hammond Hanlon Camp.

Lockport, N.Y.-based Eastern Niagara Hospital filed for chapter 11 bankruptcy protection Nov. 7, citing, among an array of expenses, debt acquired from opening a surgery center, The Buffalo News reports.

Healthcare Realty Trust purchased a class A medical office building in Raleigh, N.C., for $21.6 million from Wake Internal Medicine Consultants, Commercial Property Executive reports.

ASC and surgical hospital owner Medical Facilities Corp. released its third quarter results.

Surgeons will make up a smaller share of ASC owners as the industry steadily grows, according to Surgical Directions CEO Jeff Peters.

Three New York-based management groups partnered to acquire three properties in Winston-Salem, N.C., for $9.85 million, the Winston-Salem Journal reports.