ASC Transactions & Valuation Issues

Here are four ambulatory surgery center joint ventures that have been formed or announced within the past month.

The following hospitals and health systems have announced or opened ASCs in the past month.

Phelps Memorial Hospital Center in Sleep Hollow, N.Y., has opened the Phelps SurgiCenter.

Frisbie Memorial Hospital in Rochester, N.H., has broken ground on a 16,000-square-foot surgery center, according to a Foster's Daily Democrat report.

Yuma (Ariz.) Regional Medical Center has two surgery centers, but it will close one on Jan. 31, according to a Yuma Sun report.

Connecticut Orthopaedic Specialists and The Orthopaedic Group have finished a merger that brings eight orthopedists and four offices into COS, according to a report from the Providence Journal.

Danbury (Conn.) Orthopedics has opened an ambulatory surgery center that is part of a $5 million upgrade of its existing White Street facility, according to a report from the Stamford Advocate.

Medical Facilities Corporation announced a cash pay dividend of Cdn$0.09375 per common share will be payable on Dec. 15.

North Carolina is known for its stringent certificate of need law, but that may change in the new year.

Kennewick, Wash.-based Tri-City Orthopedics will host an open house at its new surgery center before its late-December opening, according to a report from the Tri-City Herald.