ASC Transactions & Valuation Issues

Tenet Healthcare reported its third quarter results for 2017.

Community Medical Center Long Beach (Calif.), which opened in 1924 and is part of Fountain Valley, Calif.-based MemorialCare Health System, will close in the near future due to the inability to retrofit the hospital to meet California's seismic standards.

Fort Myers, Fla.-based Lee Health bought land in Estero, Fla., for its expansion plans, according to News-Press.

Sutton Real Estate sold Medical Center West in Camillus, N.Y., according to NYREJ.

Here are four notes on ASC management companies from the past week.

McKinney, Texas-based Methodist Craig Ranch Surgery Center opened today, according to Community Impact Newspaper.

A state review board granted Albany, N.Y.-based OrthoNY preliminary approval for its $5.63 million Clifton Park, N.Y-based ASC, first reported by the Albany Business Review.

Henry Schein reported net sales of $3.2 billion in the third quarter of fiscal year 2017.

Here is how four major, publicly traded ASC chains fared in the stock market for the week of Oct. 30 to Nov. 3.

Athens, Ga.-based Family First Healthcare: Pain Management opened Nov. 4, the Athens Banner-Herald reports.