ASC Transactions & Valuation Issues

Sentinel Capital Partners, a private equity firm based in New York, has completed a recapitalization of National Spine & Pain Center, which has 80 clinicians and 30 physicians practicing at over 20 locations.

The Atlanta-based Thomas Eye Group is planning a $9 million move and expansion of its St. Joseph Clinic and Ambulatory Surgery Center, according to a Commercial Property Executive report.

Today, Sansum Clinic and Towbes Group will break ground on the 60,000-square-foot, multispecialty Sansum Clinic Foothill Medical Center in Santa Barbara, Calif., according to a report by the Santa Barbara Independent.

Three Republican lawmakers in North Carolina have sponsored a bill that could make opening ambulatory surgery centers easier, according to a News Observer report.

Merritt Healthcare has purchased an interest in Central Maryland Ambulatory Surgery Center in Baltimore and will manage the operations of the ASC, according to a Merritt Healthcare news release.

Here are eight statistics on liquidity in ambulatory surgery centers across the nation, based on data from the 2011 VMG Multi-Specialty ASC Intellimarker Survey.

Crystal Clinic Orthopaedic Center, in partnership with Summa Health System, has opened a new outpatient facility with six orthopedic surgeons in Hudson, Ohio, according to a Hudson Hub Times report.

Gwinnett Medical Center, based in Lawrenceville, Ga., has purchased a $7.5 million former supermarket in Duluth, Ga., in order to build a 10-acre outpatient park, which will include ambulatory surgery services, diagnostic services, rehabilitation services and urgent care, according to…

New York hospitals are challenging the approval of a new ambulatory surgery center, Omnicare Multi-Specialty Center, citing the potential to slash hospital revenue, according to a New York Post report.

The 221,000-square-foot, $47 million Physicians' Clinic of Iowa in Cedar Rapids is slated to open on April 15, according to a KCRG report.