ASC Transactions & Valuation Issues

Marquette, Mich.-based Advanced Center for Orthopedics and Plastic Surgery is opening another Marquette location, WLUC reports.

Traverse City-based Northwest Michigan Surgery Center rebranded and reopened as Copper Ridge Surgery Center after multiple patients had trouble remembering the center's name, WWTV reports.

Santa Barbara, Calif.-based Cottage Children's Medical Center opened a new pediatric surgery center in Goleta, Calif., and also appointed Robert Kanard, MD, as its chief of pediatric surgery, Noozhawk reports.

The Hospital Authority of Tift County will break ground on a replacement facility for Adel, Ga.-based Cook Medical Center, which'll include an outpatient surgery center, in March, the Tifton Gazette reports.

Surgical Care Affiliates, an Optum company, made an equity investment in a Portland, Ore.-based ASC in partnership with Renton, Wash.-based Providence Health & Services.

Here are five updates on ASC management companies from the past week.

Medical Facilities Corp. will pay a cash dividend of $0.07 (CDN $0.09) to shareholders of record Feb. 15.

Parole, Md.-based Chesapeake Eye Care Co. established One Vision Eye Partners, a medical and surgical ophthalmology division in the Mid-Atlantic U.S.

A new ophthalmology clinic opened at the student-run University of Kentucky College of Medicine Salvation Army Clinic in Lexington.

Charleston-based Medical University of South Carolina is opening a new location in a shopping mall, which will include an ASC, according to Charleston Business.