ASC Transactions & Valuation Issues

Franciscan Hospital Mooresville (Ind.) will soon break ground on a $17 million, 50,000-square-foot medical office building, the IndyStar reports.

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

Ascension closed the outpatient surgery department at its Eagle River (Wis.) Memorial Hospital last Friday, according to local NBC affiliate WJFW.

Panama City-based Eye Center of North Florida reopened its full-service eye care clinic June 12, after conducting extensive Hurricane Michael-related repairs, the Panama City News Herald reports.

Wilmington, N.C.-based real estate developer Paul Loukas believes the current boom in the medical office building market will continue, spurred by national healthcare reform, WilmingtonBiz reports.

St. Joseph Mercy Oakland Hospital opened its Waterford (Mich.) Medical Complex, a $2.4 million outpatient expansion, on June 13, Crain's Detroit Business reports.

Here are four joint-venture ASCs opened or announced in May:

Massachusetts state health officials approved a proposal to turn a 13,000-square-foot building into an ASC, MetroWest Daily News reports.

Doctors Hospital of Manteca (Calif.) is building a two-story, 40,000-square-foot medical office building for $13.3 million adjacent to its main hospital, the Manteca/Ripon Bulletin reports.

Cardiovascular Centers of America plans to open cardiovascular outpatient centers across the country, according to Tim Price, the management company's CEO.