ASC Transactions & Valuation Issues

Here are eight things to know about ASC joint ventures between not-for-profit hospitals and physicians.

Ambulatory surgery center management and development company Regent Surgical Health has announced the formation of a new joint venture partnership with the physician partners of Loveland (Colo.) Surgery Center.

The Surgical Center of Greensboro (N.C.) has filed a certificate of need application for a $23 million building, which would consolidate its two existing facilities, according to a report by The Business Journal.

Paseo (N.M.) Surgery Center is expected to now occupy 6,200 square feet of a 15,000-square-foot Albuquerque building that previously housed Vaughn Co. Realtors', according to an Albuquerque Business First report.

Greensboro (N.C.) Specialty Surgery Center filed a certificate of need application with the North Carolina Division of Health Service Regulation for a $5 million expansion project, according to a report by The Business Journal.  

Chesapeake (Va.) Regional Medical Center has earned state approval for a five-year lease and the addition of an ambulatory surgery center on the second floor of an outpatient surgery facility proposed for Virginia Beach, according to a PilotOnline.com report.

Lakes Regional Healthcare, based in Spirit Lakes, Iowa, is nearing completion of its 10,000-square-foot, $20 million expansion project, which includes a new surgery center, according to a Dickinson County News report.

On Sept. 9, Christopher Holden, CEO of ambulatory surgery center management and development company AmSurg, sold 5,000 shares of the company's stock, according to a WKRB News & Analysis report.

While the hospital consolidation market continues to move at a rapid pace, the market for consolidation of ancillary services providers appears to be moving at a slower and more uneven pace. In the hospital market, there are large systems that…

Despite the steady decline in Medicare reimbursement, since 2007 ambulatory surgery centers have been exhibiting low to mid-single digit growth in revenue, according to a report by Moody's Investors Service.