ASC Transactions & Valuation Issues

Washington Health System has officially broken ground on a 51,000-square-foot outpatient center in South Strabane Township, Pa., according to an observer-reporter.com report.

Monroe Capital has funded a $75 million senior secured credit facility to support the growth of Alora Pharmaceuticals, the parent company of Avion Pharmaceuticals and Acella Pharmaceuticals.

BBL Medical Facilities has announced the completion of its Physicians' Clinic of Iowa medical pavilion project.

Advanced Surgery Center of Orlando is planning a spine surgery center in Altamonte Springs, Fla., according to an Orlando Business Journal report.

The Center for Spine Pain Management Surgery Center, Chattanooga, Tenn., certificate of need for a one-operating room pain management ambulatory surgical treatment center has been deemed complete for review, according to an August 2013 – Tennessee Certificate of Need Meeting.

There has been an increased interest in purchasing ambulatory surgery center and medical office building real estate, according to ASCs, Inc., founder and President Jon Vick.

Somerset Development has recently purchased the vacant two million-square-foot Bell Labs building in Holmdel, N.J., from Alcatel-Lucent for $27 million, according to an nj.com report.

The Ambulatory Surgery Center Association of Illinois announced its meeting with the Illinois Health Facilities and Services Review Board to discuss a proposed certificate-of-need rule change for the state has been postponed.

New England Baptist Hospital and Shields Healthcare Group have partnered to open the $25 million New England Baptist Outpatient Care Center in Dedham, Mass. The outpatient center focuses on providing orthopedic services.

Merritt Healthcare is pleased to announce the River Valley Ambulatory Surgery Center has been granted its license from the state of Connecticut Department of Health and is currently operational.