ASC Transactions & Valuation Issues

Buffalo, N.Y.-based Catholic Health received the first required approval to acquire a 40 percent stake in Orchard Park, N.Y.-based Sterling Surgical Center, according to Buffalo Business First.

Orlando, Fla.-based The Center for Reproductive Medicine opened a 16,000-square-foot office, which houses the Orlando Ambulatory Surgery Center.

Fort Myers, Fla.-based Lee Health is keeping pace with plans to open its $140 million health and wellness village, Lee Health Coconut Point, in July 2018, according to Naples News.

Nobilis Health acquired 50.1 percent ownership in Elite Surgical Affiliates' three ASCs and one surgical hospital to complete an integration of the company.

Syracuse, N.Y.-based Specialists' One-Day Surgery is seeking the New York Public Health and Health Planning Council's approval to construct a new ASC and to modify their existing ASC to meet increased demands.

Buffalo, N.Y.-based WNY Medical Management's request to the New York Public Health and Health Planning Council to construct a multispecialty ASC in Williamsville, N.Y., is being met with objections from two hospital systems.

Surgery Partners shares decreased 5.14 percent Nov. 14, according to equities.com.

Schenectady, N.Y.-based Ellis Hospital submitted a proposal to the New York Public Health and Health Planning Council seeking board approval for the $13.64 million Ellis Ambulatory Surgery Center in Clifton Park, N.Y.

York, Pa.-based WellSpan Health initiated construction on its 80,000-square-foot health center in Penn Township, Pa., Nov. 14, Fox 43 reports.

The Mayor of Nashville, Tenn., submitted a proposal to close inpatient services for Nashville (Tenn.) General Hospital, the only safety net hospital in Nashville, and reopen the facility as an ASC, according to the Tennessean.