ASC Transactions & Valuation Issues

An amendment added to an Iowa spending bill that would have allowed ophthalmologist Lee Birchansky, MD, ABES, to operate a surgery center in Cedar Rapids is unlikely to pass, according to an Eastern Iowa Government report.

Construction on a new hospital project for Mt. Vernon, Ill., that includes a surgery center is making progress, according to a Mt. Vernon Register-News report.

Contractors building a new surgery center for East Texas Medical Center-Crockett are projecting a November completion date for the project, according to an East Texas News report.

Here are 10 hospitals that recently announced or developed surgery centers, according to various news reports.

Erie (Pa.) Shriners Hospital for Children has become an ambulatory surgery center and outpatient center, according to an Erie Times-News report.

An amendment has been added to an Iowa spending bill that would allow ophthalmologist Lee Birchansky, MD, ABES, to operate a surgery center in Cedar Rapids, according to a Des Moines Register report.

Brentwood, Tenn.-based LifePoint Hospitals recorded profit of $56.1 million in the first quarter of 2012, a 22 percent upsurge from the $46.1 million profit recorded in the first quarter of 2011, and outpatient surgery was a large contributor to the…

Winchester (Mass.) Hospital will hold a grand opening celebration for its new ambulatory surgery center on May 8, according to a Wakefield Patch report.

Maury Regional Medical Center in Columbia, Tenn., recently received approval from the Tennessee Health Services and Development Agency to build an ASC at its new Spring Hill facility, according to a Tennessean report.

Health Management Associates has reported a jump in its outpatient business, including knee and spinal implant surgeries that do not require an overnight hospital stay, according to a Naples Daily News report.