ASC Transactions & Valuation Issues

Nashville, Tenn.-based Saint Thomas Health purchased three acres of land in Murfreesboro, Tenn., to facilitate an outpatient expansion, the DailyNews Journal reports.

Chattanooga, Tenn.-based Erlanger Health System's request to build a surgery center in Ringgold, Ga., was denied by the Georgia Department of Community Health, the Times Free Press reports.

The North Carolina Department of Health and Human Services issued Fayetteville, N.C.-based Valleygate Dental Surgery Center a certificate of need March 1, clearing the group to open its new center in Greensboro, N.C., June 1, the Triad Business Journal reports.

Here are nine updates on ASC companies and industry-relevant companies to note.

The Douglas Co. began construction on a 92,174-square-foot Department of Veterans Affairs facility in Rochester, N.Y., Digital Journal reports.

Moreno Valley, Calif.-based Riverside University Health System recently broke ground on a massive $200 million outpatient center that is being viewed as the missing piece, The Press-Enterprise reports.

Vestavia Hills, Ala.-based SmoothRock Surgery Center is preparing to open in a recently developed commercial business park, Vesta Viva Voice reports.

Renton, Wash.-based Providence Health & Services purchased four vacant buildings which used to be Walla Walla (Wash.) General Hospital, the Walla Walla Union-Bulletin reports.

Pharos Capital Group acquired Lafayette, Ind.-based Horizon Oncology and concurrently launched its own venture, Verdi Oncology.

Riverside (Calif.) University Health System broke ground on a medical office building featuring an outpatient surgery center in Moreno Valley, Calif., Commercial Property Executive reports.