ASC Transactions & Valuation Issues

Ambulatory surgery center and hospital joint ventures can provide perks for both parties. Hospitals can provide ASCs with financial stability and more purchasing power; surgery centers can stem hospital case losses and increase their market share. However, broken joint ventures…

The Lourdes Health System, which owns the Lourdes Medical Center of Burlington County in Willingboro, N.J., has announced a joint venture partnership with Centennial Surgery Center in Vorhees, N.J., according to a Burlington County Times report.

Charles Walczak, administrator of Erie Shriners Ambulatory Surgery Center and Outpatient Specialty Care Center, has been named administrator of Shriners Hospitals for Children — Springfield (Mass.), according to an Erie Times-News report.

New Hanover Regional Medical Center in Wilmington, N.C., continues to pursue the acquisition of a partially completed outpatient surgery center owned by Novant Health, according to a Greater Wilmington Business Journal report.

Physicians Endoscopy has announced the acquisition of a minority interest in the Endoscopy Center of Robinswood in Hagerstown, Md.

Froedtert Memorial Lutheran Hospital in Milwaukee, Wis., plans to move 1,000 cases to an outpatient surgery center on campus, after moving 800 cases there this year, according to a Milwaukee Business News report.

A group of physicians has sold majority ownership of the St. Louis Women's Surgery Center in Ballwin, Mo., to Symbion Healthcare for $7.6 million in an effort to grow the number of physicians and breadth of services offered, according to…

Williston, N.D.-based Mercy Medical Center recently opened an outpatient surgery center on its hospital campus, according to a Great Falls Tribune report.

Here are 10 surgery centers recently acquired, opened, approved or planned for the future.

Nashville-based ASC operator Covenant Surgical Partners has raised $3 million in new equity, according to a Nashville Business Journal report.