ASC Transactions & Valuation Issues

This article is written by John Genz, CPA, and was originally published in EndoEconomics. The article is republished here with permission. When the opportunity to sell your ambulatory surgery center arises, follow the scout motto – "Be Prepared." The sales…

Vanderbilt University Medical Center in Nashville, Tenn., has announced that it will be pushing back the timeline on its $200 million, 500,000-square-foot medical complex and surgery center project in Cool Springs, Tenn., according to a report by The Tennessean.

Medical Facilities Corporation, an ambulatory surgery center management and development company, has announced that a cash dividend payment of Cdn $0.9375 per Common Share will be made payable on Sept. 16.2013.

Next week, Banner Health will acquire full ownership of the ambulatory surgery center on the Banner Thunderbird Medical Center campus in Glendale, Ariz., according to a Your West Valley report.

New Hampshire House Representative Marilinda Garcia recently submitted a bill that would require ambulatory surgery centers, hospitals and physician offices to provide uninsured patients with pricing for their 25 most common procedures, according to a Concord Monitor report.

Memorial Medical Center in Ludington, Mich., has recently opened a new emergency room and plans to convert the old emergency room space into an endoscopy center, according to a Ludington Daily News report.

New England Baptist Hospital and Shields Healthcare Group have partnered to open the New England Baptist Outpatient Care Center in Dedham, Mass., according to a boston.com report.

Tampa, Fla.-based Laser Spine Institute announced the opening of an outpatient surgical center in The Woodlands, Texas.

North Shore-LIJ Health System plans to convert the Plainview (N.Y.) Hospital maternity ward into a surgical center by Nov. 1, according to a LongIsland.com report.

United Surgical Partners International reported 20 percent increase in net revenue for the second quarter of 2013 to $155.2 million.