ASC Transactions & Valuation Issues

Northstar, a Houston-based company that partners with physicians in the ownership and management of ambulatory facilities, has promoted Kenneth Efird, DC, to Chief Business Development Officer.

VIP Surgery Chicago, which offers discount outpatient surgical procedures for a membership fee, performs all of its procedures at the Advanced Ambulatory Surgical Center in Elmwood Park, Ill., according to a report by Medill Reports Chicago.

Valuations are an important part of any business, including ambulatory surgery centers. Aaron Murski, senior manager and leader of the Business Valuation Team at VMG Health discusses how ASC leaders can benefit from regular valuations and improve the value of…

Shore Health System and the University of Maryland Medical Systems have received permission from the Queen Anne's County Commissioners to construct an ambulatory surgery center in Grasonville, Md., according to a My Eastern Shore MD report.

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.