ASC Transactions & Valuation Issues

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

The South Carolina health department denied Charleston-based Medical University of South Carolina's certificate-of-need application to build a freestanding ASC, according to The Post and Courier.

Stonerise Capital Management lowered its stake in Nashville, Tenn.-based AmSurg by 50 percent in the third quarter, the Daily Quint reports.

Here are five hospitals and health systems that have opened or announced plans for ASCs.

New York City-based Hospital for Specialty Surgery and Stamford (Conn.) Health are partnering to expand orthopedic services throughout Connecticut, according to Crain's New York Business.

Eight research firms issued Deerfield, Ill.-based Surgical Care Affiliates a "hold" rating, according to the Daily Quint.

New York City-based BelHealth Investment Partners, a healthcare-centered private equity firm, purchased Traverse City, Mich.-based American HealthCare Staffing Association, according to Staffing Industry Analysts.

Webster, Texas-based Bay Area Regional Medical Center is developing an ASC on medical real estate development company Houston-based Medistar's Gemini Medical Campus in Houston.

A new, multi-specialty ambulatory surgical center (ASC) opens its doors to patients this week, bringing state-of-the-art outpatient capabilities to the greater Mt. Pleasant area.

Advisory Board Co. activist investor Elliott Associates LP reported the company's stock was "significantly undervalued" earlier this year and now the company reports it will "explore strategic alternatives," according to Reuters.