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.
ASC Transactions & Valuation Issues
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.
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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.
At the 19th Annual Ambulatory Surgery Centers Conference in Chicago on Oct. 25, Jason Cagle, JD, senior vice president, acquisitions and general counsel, United Surgical Partners International; Todd Mello, MBA, partner, HealthCare Appraisers; and Matt Searles, MBA, managing director, Merritt…
Richard Kube, MD, is the CEO, founder and owner of Prairie Spine & Pain Institute in Peoria, Ill. Dr. Kube built his new surgical facility, Prairie SurgiCare, and worked to streamline the project. Prairie SurgiCare went from demolition to occupancy…
Medical Facilities Corporation announced today that it has entered into a definitive agreement to acquire a 51 percent interest in the Arkansas Surgical Hospital, according to a release.