ASC Transactions & Valuation Issues

Blayne Rush, president of Ambulatory Alliances, and Curtis H. Bernstein, managing director of Sinaiko Healthcare Consulting, tackle six questions associated with physicians preparing to sell their ambulatory surgery center (ASC).

Hospital operator Tenet Healthcare said its net income climbed in the third quarter, driven primarily by a growth in outpatient procedures, according to a CBS News report.

Metro Health in Grand Rapids, Mich., has announced plans to expand its downtown surgery center by adding a fourth operating room, according to an MLive report.

The N.C. Court of Appeals ruled against Novant Health this week in its legal challenge to a $38.7 million ambulatory surgery center planned by Wake Forest Baptist Medical Center, according to a Greensboro Business Journal report.

U.S. ambulatory surgery center operator AmSurg plans to issue $250 million senior unsecured notes to repay borrowings from its revolving credit facility, according to a Reuters report.

K&S LP sold the Orange Coast Surgery Center in Anaheim, Calif., to CSS Pacific Property for $2.6 million, according to a CoStar Group report.

Retina Consultants of Southern Colorado, Eye Associates of Colorado Springs and Colorado Eye Associates are merging into a single practice and constructing a 40,000-square-foot medical building and surgery center, according to a Colorado Springs Gazette report.

Texas Center for Athletes' surgery center will come under new management, following Sports SA Holdings hiring Transwestern to take over property management, according to a San Antonio Business Journal report.

Excela Health, based in Greensburg, Pa., has disclosed preliminary plans for a 114,000-square-foot outpatient medical facility in Unity, a project it hopes to start building by summer, according to a TribLIVE report.

Regional Medical Center in Orangeburg, S.C., has broken ground on a $6.8 million surgery center, according to a Times & Democrat report.