ASC Transactions & Valuation Issues

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

Lincoln, Neb.-based Advanced Medical Imaging expects to open its under-construction surgery center in the summer of 2019, the Lincoln Journal Star reports.

Pikeville (Ky.) Medical Center agreed to buy land owned by the city of Prestonsburg, Ky., for an outpatient clinic, local news affiliate WTVQ reports.

The trial began for the now-closed Forest Park Medical Center in February, according to D Magazine.

Downers Grove, Ill.-based Advocate Health Care began demolition at Hazel Crest, Ill.-based Advocate South Suburban Hospital in late March to make space for a surgical procedure center.

Surgeon-investors shouldn't assume ASC income will cover their buy-in loan, according to Partner John Dameron of Spaugh Dameron Tenny, a financial planning firm.

University Federal Credit Union provided $7 million for the refinancing cash-out of Serene Hills Commons, a medical office building in Lakeway, Texas, according to UFCU's Chad Henson.

Zhalunglu-MT purchased a 7,365-square-foot surgery center in League City, Texas, the Houston Chronicle reports.

Orlando Health South Lake Hospital in Clermont, Fla., broke ground on a 29,000-square-foot surgery center March 27, the South Lake Tablet reports.

Nashville, Tenn.-based HCA Healthcare plans to convert Houston-based Cypress Fairbanks Medical Center into a freestanding emergency room by April 18, according to the Houston Chronicle.