Park Nicollet Health Services plans to spend $48 million on a new, 115,000-square-foot outpatient center next to its existing clinic in Maple Grove, Minn., according to a Minneapolis/St. Paul Business Journal report.
ASC Transactions & Valuation Issues
Here are seven ambulatory surgery centers that have been announced, expanded or opened within the past month.
In mid-April the South Carolina Supreme Court ruled that the state's certificate of need program would stand. Now, the state's public health department is requesting the court review its ruling, according to a report by The Post and Courier.
The U.S. Department of Veterans Affairs opened a 19,100-square-foot, $10 million outpatient surgery center on its Mather, Calif., campus, according to a Sacramento Business Journal report.
Carolina Orthopaedic Specialists, based in Hickory, N.C., and Rendina Companies are developing the Coastal Surgery Center, according to a WMBF News report.
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Texas Fertility Center announced the opening of its new embryology lab for in vitro fertilization and fertility surgery center in San Antonio.
AmSurg announced its financial results for the first quarter ended March 31. The company's revenues were $263.1 million, up 2 percent from $258.2 million in the first quarter of 2013.
Campbell Clinic, based in Memphis, Tenn., acquired Midtown Surgery Center in October 2013 and will now open the 18,000-square-foot facility, according to a Memphis Business Journal report.
Certificate of need programs regulating ambulatory surgery centers exist in a little more than half of the 50 states. The structure and rigidity of these programs vary from state to state, but in these markets ASC owners need to obtain…
Ground has been officially broken on the future site of Marshalltown (Iowa) Medical & Surgical Center, according to a Times Republican report.