ASC Transactions & Valuation Issues

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

Through a proposed merger, St. Peter's Health Partners wants to make Albany (N.Y.) Memorial Hospital a destination for hospital outpatient services, same-day ambulatory surgery and medical office procedures, the Albany Times Union reports.

South Florida's 63 hospitals grew their combined net income by 39 percent from 2017 to 2018, largely due to heightened investment in outpatient facilities and practices, South Florida Business Journal reports.

Baptist Health Lexington (Ky.) is expanding its presence in Hamburg, Ky., by developing an outpatient surgical and medical campus it plans to open in 2023, the Lexington Herald Leader reports.

Greenfield, Mass.-based Baystate Franklin Medical Center's fundraising arm donated the final $40,000 contribution to pay off the hospital's $26 million surgery center project, local news affiliate 22 News reports.

Saint Thomas Midtown (Tenn.) Hospital is building a more than 100,000-square-foot hospital inside its current hospital that will include a surgery center, the Nashville Business Journal reports.

Facing financial hardship and competitive pressures, the Children's Institute of Pittsburgh plans to close two of its five outpatient centers and furlough six employees by the end of the year, the Pittsburgh Post-Gazette reports.

VMG Health released its 2019 biannual physician alignment tips and trends report, outlining topics in joint ventures, physician salary and more.

The University of Illinois at Chicago will soon begin to develop the Bruno and Sallie Pasquinelli Outpatient Surgery Center after the couple donated $10 million to UIC.

Work is progressing on the Steamboat Springs-based Steamboat Surgery Center, which will be housed in a former Sports Authority store building, the Steamboat Pilot reports.