ASC Transactions & Valuation Issues

During a panel discussion Oct. 26 at Becker's ASC Review 24th Annual Conference: The Business and Operations of ASCs, held in Chicago, three panelists discussed trends affecting hospital-ASC relations moving into 2018.

The partnership between two physicians and Eastern Long Island Hospital gained approval from the New York State Department of Health to construct a new surgery center, according to Southold Local.

According to a Nasdaq report, analysts are souring on Envision Healthcare after the stock hit a 52-week low of $26.34 Nov. 6.

Work on the $25 million building set to house the Athens, Ala.-based Athens-Limestone Hospital Surgery Center is progressing, DectaurDaily.com reports.

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.