ASC Transactions & Valuation Issues

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.

Here is how four major, publicly traded ASC chains fared in the stock market for the week of Oct. 9 to Oct. 13.

The Georgia Supreme Court ruled against Cartersville, Ga.-based The Georgia Advanced Surgery Center for Women owners and opted to uphold the state's certificate-of-need legislation, according to Atlanta Business Chronicle.

Bank of America reduced its price target on Envision healthcare from $72 to $60 earlier this week, according to Dispatch Tribunal.

Carle and Christie Clinic physicians broke ground on a new joint venture surgery center in Champaign, Ill., willradio.tv.online reports. Both organizations are also based in Champaign.

New Jersey State Department of Health is considering an application an ASC owner filed to purchase Secaucus, N.J.-based Meadowlands Hospital and Medical Center, according to NJ Spotlight.

Germantown, Tenn.-based Campbell Clinic selected Rendina Healthcare Real Estate as the developer for its $30 million expansion project, according to Memphis Business Journal.

Here are 11 hospitals and health systems that have opened or announced plans for ASCs in September.