ASC Transactions & Valuation Issues

Cleveland Clinic in Ohio has purchased the Marymount Ambulatory Surgery Center in Garfield Heights, Ohio, according to a Plain Dealer report.

Physicians Endoscopy, a leading GI ASC development and management company, recently announced the acquisition of a minority interest in the Elgin (Ill.) Gastroenterology Endoscopy Center.

Here are 5 tips from Blayne Rush, president of Ambulatory Alliances, for preparing to sell an ASC:

Tallahassee Memorial Healthcare and a consortium of 30 physicians have formed joint venture partnership to develop a multispecialty ASC. The facility is affiliated with BBL Medical Facilities.

Several leaders in ambulatory surgery centers will gather at the 19th Annual Ambulatory Surgery Centers Conference in Chicago to participate in a roundtable discussion on the outlook for investment and mergers and acquisition activity in the ASC.

The Urology Group has opened a new $20 million headquarters, including a surgery center, in Norwood, Ohio, according to a Business Courier report.

George Paletta Jr., MD, the celebrated St. Louis Cardinals medical director/head team physician, has received approval from Chesterfield, Mo., officials to build an orthopedic surgical center that will keep some patients overnight, according to a St. Louis Business Journal report.

Cabot Hyde, partner at Waller, discusses the essentials of surgery center partnership and alignment opportunities with hospitals.

Construction plans for the Newsom Eye Surgery Center in Sebring, Fla., have moved forward following council approval of annexation, according to a News Sun report.

Surgical Care Affiliates may move its Libertyville, Ill.-based Hawthorn Surgery Center to a new location in Vernon Hills, Ill., according to a Crain's Chicago Business report.