Regent Surgical Health has formed a new joint venture partnership with the physician partners of Loveland (Colo.) Surgery Center. The multispecialty surgery center has a license for extended overnight patient stays.
ASC Transactions & Valuation Issues
A new joint venture surgery center in Westmoreland, N.Y., is expected to bring around 20 new jobs to the area in 2014, according to an Observer-Dispatch report.
In approaching the valuation of an existing surgery center, there are two distinct methods that can be used. For smaller transactions involving minority interest sales, a simple "back of the envelope" method can be employed.
Castleview Hospital in Price, Utah, has acquired Eastern Utah Surgical Center, also located in Price, according to a Sun Advocate report.
Allegheny (Pa.) Health System has announced that it will be opening a surgery center in Monroeville, Pa., this month, according to a Pittsburgh Post-Gazette report.
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Children's National Medical Center and Inova Health System are planning to open a joint venture pediatric surgery center in Fairfax, Va., according to a Washington Business Journal report.
The physicians of Tri-City Orthopaedic Clinic, based in Richland, Wash., are planning to begin construction on a $3.4 million, 15,000-square-foot surgery center in Kennewick, Wash., according to a Tri-City Herald report.
Self-managed healthcare properties REIT Physicians Realty Trust has completed the $15.6 million acquisition of the Foundation Outpatient Care Building in Oklahoma City.
The Illinois Health Facilities and Services Review Board has granted Naser Rustom, MD, approval for an outpatient surgery center in Orland Park, according to a Crain's Chicago Business report.
Physicians Realty Trust has announced that the 29 physician owners of Crescent City Surgical Centre in Metairie, La., have contributed their ownership interest in the surgery center to the company's operating partner Physicians Realty in $37.5 million transaction.