Surgical Care Affiliates shares traded up 0.97 percent on Oct. 21, according to Dakota Financial News.
ASC Transactions & Valuation Issues
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.
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.
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.
