ASC Transactions & Valuation Issues

Metro Health, a Wyoming, Mich.-based healthcare system, has filed a letter of intent with the Michigan Department of Community Health seeking approval to open an $11.9 million outpatient center in an 80,000-square-foot vacant medical building in Grand Rapids, Mich., according…

The Peconic Bay Medical Health System is expected to open its Manorville, N.Y., ASC, The Gertrude and Louis Feil Campus for Ambulatory Care, this spring.

Little Falls (N.Y.) Hospital has launched a $12.5 million project that that involves the addition of ambulatory surgery center, according to a WKTV report.

Medical Facilities Corporation announced its outstanding 7.5 percent Convertible Secured Debentures will mature on April 30.

Northstar Healthcare, a Houston-based company partnering with physicians on ownership and management of ambulatory facilities and healthcare services, reported $6.5 million for fourth quarter 2012 revenue.

Our Lady of the Lake Regional Medical Center in Baton Rouge, La., has agreed to pay $3.8 million per year to lease a surgery center and three clinics of Louisiana State University, according to a report by The Advocate.

Peconic Bay Medical Health System has received a $5 million donation from the Louis Feil Charitable Lead Annuity Trust and intends to name its Manorville, N.Y., ambulatory surgery center The Gertrude and Louis Feil Campus for Ambulatory Care.

The $7.9 million, 62,365-square-foot Maury Regional Medical Center in Spring Hill, Tenn., will include an ambulatory surgery center and is scheduled to open on April, 8, according to a report by The Tennessean.

EvergreenHealth and Seattle Cancer Care Alliance have opened the joint venture Halverson Cancer Center on the EvergreenHealth campus in Kirkland, Wash., according to a report by The Sacramento Bee.

Summit Orthopedics has purchased an 8.2-acre lot in Vadnais Heights, Minn., to build a 68,000-square-foot medical center, according to a White Bear Press report.