Work on Newport News, Va.-based Orthopaedic & Spine Center's new outpatient facility could be complete this fall, the Williamsburg Yorktown Daily reports.
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.
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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.