ASC Transactions & Valuation Issues

Boston-based SurgiSite North partnered with Bowdoin Construction Corp., for its new 8,000-square-foot surgery center in Chelmford, Mass., NEREJ reports.

New York private equity firm Cortec Group's Eyeconic Vision Partners, its portfolio company, purchased Phoenix-based Swagel-Wootton Hiatt Eye Center, according to PE Hub Network.

Lee Birchansky, MD, a Cedar Rapids, Iowa-based ophthalmologist received state approval to open an outpatient eye center on his fifth attempt in more than 10 years, according to The Gazette.

Medical Facilities Corp. issued shareholders a cash dividend payment of Cdn$0.09375 per common share in July.

Medical organization Physician Partners of America acquired Boynton Beach, Fla.-based Bethesda Outpatient Surgery Center.

Marshfield (Wis.) Clinic received approval to hire outside legal counsel regarding an appeal for its conditional use permit request, according to Star Journal.

Construction is progressing on Dallas-based Baylor Scott & White's Sports Therapy and Research Center in Frisco, Texas, WBAP reports.

Pittsburgh-based Allegheny Health Network and Highmark, an insurance company, partnered to create a 23,000-square-foot surgical center, Trib Live reports.

Merger and acquisition activity in the ambulatory surgery center (ASC) arena has drastically increased in the past two years. This flurry of activity has left many in the ASC market wondering what this might mean for their centers, as well…

Administrator of Bellingham, Wash.-based Pacific Rim Outpatient Surgery Center Gary Rihcberg, RN, discusses ASC leadership and strategy in the wake of uncertain healthcare reforms.