ASC Transactions & Valuation Issues

The Advanced Center for Surgery opened in Altoona, Pa., in June 2012.

Fairview in Hibbing and board-certified ophthalmologist Bridget Sundell, MD, have announced they will open the joint venture Northwoods Surgery Center in Virginia, Minn.

On Wednesday, St. Clair Hospital officially completed its $20 million, 40,000-square-foot outpatient center in Peters Township, Penn., according to a Peters Patch report.

Bridget Sundell, MD, board-certified ophthalmologist, and Fairview in Hibbing, Minn., have announced an agreement to develop the joint venture Northwoords Surgery Center in Virginia, Minn., according to a Hometown Focus report.

Farber Plastic Surgery, founded by board-certified plastic surgeon Scott Farber, MD, has opened its new cosmetic and reconstructive surgery center in Boca Raton, Fla.

Alabama Governor Robert Bentley signed revisions to the state's certificate of need law, expanding CON provisions to limited liability companies and making change of ownership transactions easier, according to a report from Bradley Arant Boult Cummings.

Frontier Healthcare, a New York-based ASC development and management company, has announced the opening of the Flushing (N.Y.) Endoscopy Center, which represents the fourth ambulatory surgery center the company has opened since February this year.

Dingmans Medical in Dingmans Ferry, Pa., has proposed a $2.5 million expansion project, which includes an ambulatory surgery center, according to a Pocono Record report.

Here are 25 statistics on ambulatory surgery center payer mix as a percentage of gross charges, from VMG's Intellimarker ASC Benchmarking Survey 2011. The data covers ASCs with more than 50 percent orthopedics, high and low net revenue and number…

The Veterans Administration intends to develop a $14.6 million, 84,000-square-foot outpatient surgery center in New York to replace existing facilities in Rochester and Canandaigua, according to a Democrat and Chronicle report.