There were 12 merger and acquisition deals for physician medical groups in the first quarter of 2013, which was down 37 percent compared to the fourth quarter of 2012, according to a report from Irving Levin Associates.
ASC Transactions & Valuation Issues
Expect middle-market transactions in the healthcare sector to pick up the pace this year, according to a report by KPMG.
The healthcare sector added 19,000 seasonally adjusted jobs in April, 900 of which occurred in outpatient facilities including ambulatory surgery centers to continue an upward though lagging trend, according to preliminary results from the U.S. Bureau of Labor Statistics.
Lexington (Ky.) Clinic has opened the Endoscopy and Surgical Center of Lexington Clinic on the second floor of its ambulatory surgery center, according to a Kentucky.com report.
In an agreement to purchase St. Mary Medical Center in Blue Springs, Mo., HCA Midwest Health System also acquired seven surgery centers.
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Carondelet Health has sold St. Mary Medical Center in Blue Springs, Mo., to HCA Midwest Health System, according to an Examiner report.
Today, Norwalk (Conn.) Hospital will break ground on a new 95,000-square-foot ambulatory pavilion and 35,000-square-foot renovation project, according to a Norwalk Daily Voice report.
Minnesota Eye Consultants have received approval from the Minnetonka Planning Commission for a new 31,000-square-foot project in Minnetonka, Minn., that will house the practice's ambulatory surgery center, ophthalmology clinic and offices, according to a StarTribune report.
Healthcare and ambulatory surgery center industry veteran Roy Georgia has joined Surgical Care Affiliates, a company that operates 150 surgical facilities, including ambulatory surgery centers, surgical hospitals and hospital surgery departments.
On April 22, Neil Brodsky, MD, Donald Palmadessa, MD, Frontier Healthcare and a group of founding members opened Queens Endoscopy in Fresh Meadows, N.Y.