ASC Transactions & Valuation Issues

In a recent press release, the Surgical Center for Excellence, LLLP, announced they have chosen Practice Partners in Healthcare, Inc. (PPH) to manage the state of the art multi-specialty ambulatory surgery center.

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

Moreno Valley, Calif.-based Riverside University Health System anticipates breaking ground on a 200,000-square-foot ambulatory care campus with an outpatient surgery center, also in Moreno Valley, this spring, The Press-Enterprise reports.

Cullman (Ala.) Regional Medical Center will take over the day-to-day management of The Surgery Center of Cullman after acquiring majority ownership of the center, the Cullman Times reports.

Toronto-based Medical Facilities Corporation formed a joint venture with Leawood, Kan.-based NueHealth and acquired seven ASCs from Meridian Surgical Partners, based in Brentwood, Tenn.

Governor Christie signed a long awaited and debated bill that would require licensure of one room surgical centers in New Jersey.

This is how five major, publicly traded companies with ASC holdings fared in the stock market in 2017.

Phoenix-based Barnet Dulaney Perkins Eye Center is opening a 6,019-square-foot clinic in Mesa, Ariz., AZ Big Media reports. 

Philadelphia-based Jefferson Health opened its 22,000-square-foot, $17 million Jefferson Surgery Center in Cherry Hill, N.J., the Philadelphia Business Journal reports.

The Walla Walla City Council delayed drafting a letter in favor of Providence Medical Group's certificate of need application for its Walla Walla General Hospital conversion project, the Union Bulletin reports. All organizations are based in Walla Walla, Wash.