ASC Transactions & Valuation Issues

Arise Healthcare is developing a new ambulatory surgery center in Kyle, Texas, according to an Austin Business Journal report.

Hospitals are merging or being bought and sold at an increasing rate, with physician practice acquisitions on the rise, according to a report issued March 8 by Moody's Investors Service and reported in American Medical News.

Surgery center operator First Surgical Partners recently discussed its 2011 financial results, reporting a growth in the number of procedures performed and challenges such as declining reimbursements and industry regulation.

A new ambulatory surgery center in Elk Grove, Calif., for Sutter Health is expected to open this summer, according to an Elk Grove Citizen report.

Avera Health, a network of 300 locations in eastern South Dakota and surrounding states, has broken ground on a new medical center in Worthington, Minn., that will include an outpatient surgery center, according to a Daily Globe report.

A surgery center is included in a new Hyannis, Mass., outpatient medical complex, according to a Barnstable Patriot report.

Cone Health, based in Greensboro, N.C., plans to submit a new application to develop an ambulatory surgery center at its MedCenter High Point (N.C.) facility, according to a Business Journal report (subscription required for full access).

The Federal Trade Commission is requiring Toledo, Ohio-based ProMedica Health System to divest St. Luke's Hospital in Maumee, Ohio, citing anticompetitive effects of the systems' merger.

Provena United Samaritans Medical Center has made moves to acquire Danville HealthCare, which could benefit area patients in need of complex outpatient surgery, according to a Commercial-News report.

ProMed Alliance, a subsidiary of Peer Review Mediation & Arbitration, a medical services business development company, has announced it has formed an accountable care organization that includes a surgery center.