ASC Transactions & Valuation Issues

The Maple Grove (Minn.) City Council gave Eagen, Minn.-based MSP Commercial approval to build a new facility featuring an ASC, according to Minnesota Star Tribune.

Dallas-based Tenet Healthcare Corp. reported a double-digit increase in ambulatory net operating revenue during the fourth quarter of fiscal year 2016.

Here are 33 key statistics for ASC income statements from the VMG Health Intellimarker Multi-Specialty ASC Study 2016.

Phoenix-based The CORE Institute and Banner Health expanded their partnership to open The Orthopedic & Spine Institute on the Banner – University Medical Center Phoenix campus.

Pismo Beach, Calif.-based SurgCenter Development and physician investors partnered to open an ASC in Grand Rapids, Mich., according to Mlive.

Gainesville (Ga.) Endoscopy Center's new location will start seeing patients in March 2017, according to the Gainesville Times.

Iowa Governor Terry Branstad put forth a bill that would have weakened the state's certificate of need program and eliminated licensing requirements for several professionals, but the bill will not move to full committee, according to The Gazette.

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

Toronto, Canada-based Mackenzie Financial Corp. increased its stake in Greenwood, Colo.-based Envision Healthcare Corp. by 36.4 percent in the third quarter, The Daily Quint reports.

Great Neck, N.Y.-based Northwell Health is buying a 20 percent stake in Harrison, N.Y.-based Surgical Specialty Center of Westchester, according to Westfair Communications.