ASC Transactions & Valuation Issues

Construction has begun on a new ambulatory care facility that will house a surgery center in Irvine, Calif., according to a news release from Swinerton Builders, the project's design-build services provider.

University of Maryland Medical System has agreed to acquire St. Joseph Medical Center in Towson, Md., a member of Catholic Health Initiatives, and plans to turn the hospital into a surgery center, according to a Baltimore Sun report.

Grand Junction (Colo). VA Medical Center has opened a new surgical center, according to a KREX report.

Drew Memorial Hospital in Monticello, Ark., has plans to build a new surgery center, according to a Seark Today report.

The public comment period about a plan to relocate a Buffalo, N.Y., hospital and build a new $200 million facility, ambulatory care and surgery center in another area of Buffalo ends March 23, according to Buffalo Business First report.

Rochester (N.Y.) General Health System will develop a new ambulatory surgery center in a building in Penfield, N.Y., it will acquire as part of its purchase of the Linden Oaks Medical Campus, according to a news release.

More surgery centers are considering acquisition or partnership with a management company or hospital as reimbursement rates decline and profitable strategies such as out-of-network billing become unfeasible. Here are 30 new statistics on surgery center acquisition and valuation, according to data…

Facial Plastic Surgeon Jacob D. Steiger, MD, has announced the opening of a new aesthetic medical center in Boca Raton, Fla., that features a surgery center, according to a news release.

South Central Regional Medical Center in Laurel, Miss., is building a new cosmetic and plastic surgery center in Laurel, according to a Laurel Leader-Call report.

Physicians with Hanover Orthopaedic Associates will continue to work at Hanover Hospital and Surgicenter after the practice’s merger with WellSpan Medical Group, according to a Penn Live report.