ASC Transactions & Valuation Issues

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.

Compass Surgical Partners, Raleigh, N.C.-based ambulatory surgery center investment, development and management company, has announced that it has acquired an equity interest in Bay Area Physicians Surgery Center in Brandon, Fla., effective May 1, 2013.

Children's Hospital of Philadelphia has announced plans to develop an 115,000-square-foot specialty care center, which will include an ambulatory surgery center, in King of Prussia, Pa.

Marquette (Mich.) General Hospital has initiated a ten-year, $300 million expansion and renovation project, which will include the construction of an ambulatory surgery center this summer, according to an Upper Michigans Source report.

Martin Foot and Ankle in York, Pa., has acquired a $1.8 million, three-building medical campus in Springettsbury Township, according to a York Daily Record report.

On April 22, Queens Endoscopy in Fresh Meadows, N.Y., opened its doors to patients after receiving New York State Department of Health Approval on April 19.

Here are 55 statistics on ambulatory surgery center risk factors for center valuation, according to VMG Health's 2011 ValueDriver ASC Survey.