ASC Transactions & Valuation Issues

Hospitals and physician groups are increasingly partnering on the development or management of surgery centers to stay competitive. For physician groups, a hospital partner offers the chance for higher reimbursement rates, more insulation against hospital competition and a better ability…

Jersey Shore Ambulatory Surgery Center in Somers Point, N.J., and Virtua, based in Marlton, N.J., have formed a joint-venture partnership, according to Philadelphia Business Journal report.

Endoscopy Center of Niagara (N.Y.) has applied to open a single-specialty ambulatory surgery center in Niagara, according to a Buffalo Business First report.

Here are 12 new surgery centers in the works.

The acquisition of Health Central, a 171-bed hospital in Ocoee, Fla., by Orlando Health, a multi-hospital system in Florida, includes the Health Central Surgery Center in Ocoee, according to an Orlando Sentinel report.

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.