ASC Transactions & Valuation Issues

Surgery Partners' wholly owned subsidiary SP Finco will be merged into Surgery Center Holdings for $370 million.

Here are five updates on ASC management companies to note from the past week.

Britt Reynolds, former president and CEO of Medical Facilities Corp., left the company and stepped down as a board member earlier in June. Investors weighed in on how the departure could impact MFC shares, according to Argus Leader.

North Carolina Department of Health and Human Services denied investors' proposal to build Surgery Center of Wilmington (N.C.), according to Wilmington Biz.

Orthopaedic Specialty Group, P.C. opened a new 50,000-square-foot building in Fairfield, Conn., which houses Fairfield Surgery Center.

Butler (Pa.) Health System, Greensburg, Pa.-based Excela Health System, Mt. Lebanon, Pa.-based St. Clair Hospital and Morrisville, Pa.-based Washington Health System partnered to initiate a value-based care model, Allied News reports.

Lost Rivers Medical Center began construction on its new surgical center in Arco, Idaho, the Challis Messenger reports.

Bryn Mawr (Pa.) Hospital recently opened an orthopedic surgery center, according to Main Line Today.

Indian Trail, N.C.-based Union West Surgery Center and Presbyterian SameDay Surgery Center-Monroe (N.C.) submitted competing certificate-of-need proposals to add an additional operating room, according to The Stanly News and Press.

President Donald Trump's White House is drafting an executive order designed to lower drug prices, according to a BioCentury report.