ASC Transactions & Valuation Issues

Minneapolis-based Hennepin County Medical Center is reducing its workforce by nearly 4 percent in 2017 so the hospital has sufficient money in its budget to open an ASC, according to Twin Cities Pioneer Press.

Nebraska Medicine is holding a ribbon-cutting ceremony for Lauritzen Outpatient Center in Omaha on Dec. 17, 2016, according to Live Well Nebraska.

Here are four new joint venture ASCs announced or opened in the past few months.

Greenwood, Colo.-based Envision Healthcare's physician services division acquired Phoenix-based Desert Mountain Consultants in Anesthesia.

The North Carolina Department of Health and Human Services received three certificate-of-need applications from New Hanover County and two applications from Brunswick County for ASCs, according to WECT 6 News.

The Fargo, N.D.-based Center for Pain Medicine started as a 1,600-square-foot practice in a leased space in a medical center; heavy demand followed and a new 9,000-square-foot clinic and outpatient surgery center opened Dec. 13, 2016, the Inforum reports.

Jamison, Pa.-based Physicians Endoscopy is joint venturing with ACCESS Surgery Center physicians to acquire a majority stake in the ASC in Egg Harbor Township, N.J.

Spark Investment Management lowered its stake in Deerfield, Ill.-based Surgical Care Affiliates by 55.47 percent, according to Chester Independent.

Here are five updates on ASC management companies to note.

New York-based Frontier Healthcare partnered with ASMC physician group to open a new ASC in New York City.