Medical Facilities Corporation has eliminated the role of president, previously held by Larry Teuber, MD, and the leadership responsibilities will be assumed by members of the corporation's senior management team.
ASC Transactions & Valuation Issues
The physicians of Orthopedic Specialty Group, based in Connecticut, intend to purchase a building that once housed two clothing stores and convert it into their new Fairfield, Conn., practice location, according to a Fairfield Citizen report.
Licking Memorial Hospital has been converted back to an outpatient surgery center after operating as an inpatient facility, according to a Columbus Business First report.
Lake Health in Concord Township, Ohio, has opened its Bariatric Surgery Center, and bariatric surgeon Aviv Ben-Meir, MD, will lead the surgical team, according to a Cleveland Plain-Dealer report.
Swedish Covenant Hospital in Chicago will pay $1.4 million to buy out its surgery center partner, according to a Chicago Healthcare Daily report.
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Naser Rustom, MD, has reworked his proposal for an Orland Park, Ill., surgery center that would cater to the Islamic faith to exclude any references to Shariah, Islamic religious law, according to a Crain's Chicago Business report.
Here are 12 statistics on case volume mix as a percentage of total case volume, according to VMG Health's ASC Intellimaker Survey 2011.
Magna Health has worked with SomerCor 504 to fund its newly-developed, $20 million surgery center in Bedford Park, Ill., according to a RE Journals.com report.
AmSurg has announced a 17 percent revenue increase in the second quarter of 2013 to $269.3 million.
Merritt Healthcare has announced the majority ownership sale of Diagnostic Endoscopy Center in Stamford, Conn., to AmSurg, an ambulatory surgery center and endoscopy center operation company.