ASC Transactions & Valuation Issues

A group of local physicians in Susquehanna Township, Pa., recently opened a medical center that will employ 50 people and feature an ambulatory surgery center, according to a WHPTV report.

Providence Alaska is seeking state approval to construct an outpatient surgery center, most likely in one of the medical buildings surrounding Mat-Su Regional Medical Center in Wasilla, Alaska, according to a Mat-Su Valley Frontiersman report.

The Louis Stokes Cleveland Veterans Affairs Medical Center hopes to establish a 10,000-square-foot outpatient surgery center in Ohio, according to a Cleveland report.

The IRS has denied tax-exempt status for an organization formed by Lancaster (Pa.) General Health to run the new Physicians' Surgery Center, according to a Lancaster Online report.

WellStar Kennestone Hospital has filed a letter of intent with the Georgia Department of Community Health to build a $23 million outpatient surgery center in Woodstock, Ga., according to a Atlanta Business Chronicle report.

Reading (Pa.) Health System has decided to terminate its attempt to acquire the Surgical Institute of Reading, according to a BCTV report.

Bartow Regional Medical Center and ASCOA are opening a joint venture surgery center in Lakeland, Fla., according to a The Ledger report.

Ambulatory Alliances, a leading ambulatory surgery center investment banking firm, has announced it recently hosted a webinar on "Selling Your Ambulatory Surgery Center: Effectively Marketing Your ASC" and the recording of the program has been released as a free download.

St. Mary's Hospital in Troy, N.Y., will eventually provide only outpatient services, as St. Peter's Health Partners begins its plan to move all inpatient care to nearby Samaritan Hospital, according to a Times Union report.

St. Rose Ambulatory and Surgery Center in Great Bend, Colo., will join Centura Health Initiatives, a Denver-based healthcare group, according to an NECN report.