ASC Transactions & Valuation Issues

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.

A new surgery center in Metairie, La., is likely to open by the end of 2012, according to a The Newsroom report.

The founder and president of Arthrex, a Naples, Fla.-based manufacturer of orthopedic devices, said he is considering building an ambulatory surgery center in Naples, according to a Naples News report.

HCA has announced the appointment of Sylvia Young as president of the company's continental division, where she will oversee 15 surgery centers and dozens of other outpatient centers in Colorado and Wichita, according to a report by The Street.