ASC Transactions & Valuation Issues

The South Carolina Supreme Court recently ruled, despite lack of funding, the state's certificate of need program remains in place. What will happen to the program now?

Medical Facilities Corporation has announced a cash dividend of $0.09375 Canadian per share, payable May 15.

Veterans Affairs has begun clearing land designated for a new veterans clinic, the Eugene (Ore.) Health Care Center, a 100,000-square-foot facility which will offer a full range of services, including ambulatory surgery, according to a report from the Register-Guard.

The Pain Management Center of Long Island (N.Y.) has announced it will open a new location in Port Jefferson, N.Y., on Mon., April 28.

The following are ambulatory surgery centers with openings, expansions and proposals announced in the past month, by region. Announcements for each region are listed newest to oldest.

Physicians United, a group headed by Michael Bollinger, MD, an orthopedic surgeon at Sebastopol, Calif.-based Palm Drive Hospital, has put forth a proposal for continuing operations at Palm Drive Hospital, which is to close April 28, according to a report…

Southington-based Hospital of Central Connecticut is awaiting state approval to open an orthopedics-focused ambulatory surgery center at its Bradley Memorial campus according to a report from My Record Journal.

Great Falls (Mont.) Clinic announced intentions to build a 60,000-square-foot facility adjacent to its Specialty Center. The facility will be equally owned by the clinic and Symbion, according to a Great Falls Tribune report.

The ambulatory surgery center industry is experiencing an increase in saturated markets. How does competition from other ASCs and hospitals affect valuation? Here are 10 statistics from VMG Health's 2011 ASC ValueDriver Survey.

This month, Hawthorn Surgery Center, an affiliate of Surgical Care Affiliates, moved to a new ambulatory surgery center location, according to a Lake County News-Sun report.