ASC Transactions & Valuation Issues

The Illinois Health Facilities and Services Review Board is expected to consider a proposal for a new pain management surgery center in Lisle at a June meeting, according to a Crain's Chicago Business report.

Virtua will demolish a closed surgical center in Vorhees, N.J., now that a replacement facility has been opened in the same township, according to a Philadelphia Business Journal report.

A new ambulatory surgery center for Vassar Brothers Medical Center in Poughkeepsie, N.Y., is scheduled to open this week, according to a Poughkeepsie Journal report.

Surgery centers will become more critical competitors to hospitals in the coming years, as hospitals and health systems move towards population health/global payment models, according to a report from Objective Health.

Regent Surgical Health, a surgery center management company that specializes in hospital-physician joint ventures, and its physician partners at the Surgery Center of Mount Dora, have established a joint venture with Leesburg Regional Medical Center, according to an Orlando Sentinel…

In December 2010, Regent Surgical Health CEO Tom Mallon received an email from an overseas hospital consultant. Recognizing Regent's experience in facilitating physician/hospital joint ventures, the consultant asked if Regent would be interested in working with a group of physicians…

The 10-story, $300 million Gates Vascular Institute/Clinical and Translational Research Center, which just opened in Buffalo, N.Y., houses a surgery center as well as research labs and a business incubator, according to an Innovation Trail report.

Watauga Eye Center in Boone, N.C., announced this week it will merge its ophthalmology practice with Graystone Eye and Graystone Eye Surgery Center, according to a Go Blue Ridge report.  

Buffalo Surgery Center has filed a certificate of need application with the New York Department of Health to add ophthalmology procedures at its facility, according to a Buffalo Business First report.

Aria Health, formerly known as Frankford (Pa.) Hospital, will learn in July whether it has received an exception to build a new medical complex in Frankford, according to a phillyBurbs.com report.