ASC Transactions & Valuation Issues

Pittsburgh-based Heritage Valley Health System is opening a medical center with a four-room ASC in Pittsburgh, The Times reports.

The Tennessee Health Services and Development Agency is considering certificate-of-need applications for two ASCs, according to Lexology.

Mergers and acquisitions are increasing, largely due to strategic imperatives, according to a Kaufman Hall analysis, according to Healthcare Finance News.

United Surgical Partners International entered into a partnership with Santa Barbara (Calif.) Surgery Center Oct. 1, Noozhawk reports.

Surgical Care Affiliates made an equity investment in Brandon (Fla.) Ambulatory Surgery Center.

Fairfax, Va.-based George Mason University found repealing North Carolina's certificate-of-need law would generate savings and boost quality for residents.

Medical Facilities Corp. shares fell 8.12 percent Oct. 16, according to equities.com.

Here are five updates on ASC management companies:

Charleston-based Medical University of South Carolina is transforming a former J.C. Penney building into an outpatient clinic, according to Post and Courier.

Allegany Associates, the owners of Johnson City, N.Y.-based Southern Tier Surgery Center filed plans with the New York Department of Health to build an ASC in Olean, N.Y., Buffalo Business First reports.