Advocate Condell Ambulatory Surgery Center in Libertyville, Ill., has filed form D for $3.23 million in equity financing, according to an OCTA Finance report.
ASC Transactions & Valuation Issues
MetroHealth is partnering with Big Creek Surgery Center to expand its presence in Middleburg Heights, Ohio, according to a Crain's Cleveland Business report.
Healthcare transactions are on the rise as incentives to lower healthcare costs and a growing aging population make ambulatory surgery centers increasingly attractive to all types of buyers.
Zacks analysts gave Tenet a "hold" rating for the short term, according to American Trade Journal.
AmSurg offered TeamHealth $7.8 billion to acquire the company, but TeamHealth rejected the offer, according to a Knoxville News Sentinel report.
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AmSurg has announced its preliminary financial results for the third quarter of 2015.
Pennsylvania is experiencing a deceleration in ambulatory surgery center openings, based on a Pennsylvania Health Care Cost Containment Council report, according to Philadelphia Business Journal.
The ASC at Dupont Hospital in Fort Wayne, Ind., recently underwent a $4.2 million renovation project, according to a News-Sentinel report.
AmSurg shares fell 5.64 percent during the week of Oct. 12 to Oct. 16 and dropped 5.4 percent in the last four weeks, according to American Trade Journal.
AmSurg shares traded at $81.87 per share, down 0.45 percent, according to Money Flow Index.