ASC Transactions & Valuation Issues

Community Memorial Healthcenter, based in South Hill, Vir., is planning a new surgery center, according to a South Hill Enterprise report.

Surgical Management Professionals, a company with more than 25 years of experience managing and developing ambulatory surgery centers and physician-owned hospitals, recently purchased interest in Ashtabula (Ohio) Surgery Center, according to a release.

A new committee has been formed in North Carolina to examine the state's certificate of need laws, according to a North Carolina Healthcare Report column and a news release from Rep. John Torbett (pdf).

A certificate of need application by Mission Hospital, based in Asheville, N.C., to relocate an endoscopy unit to a new outpatient center has been denied by state regulators, according to an Asheville Citizen-Times report.

Capital Health, based in Trenton, N.J., has raised $5.2 million in an equity offering for a new ambulatory surgery center in Hopewell, N.J., according to a Citybizlist Philadelphia report.

St. David's Oakwood Surgery Center in Round Rock, Texas, is building a larger facility in Round Rock that will double its capacity, according to a Community Impact Newspaper report.

At a time when some physician-owners of surgery centers are entering hospital employment or contemplate retirement, there may not be enough physician-investors to take their place, some officials at ASC management companies say.  

Ambulatory Alliances, a business brokerage and investment banking firm serving ambulatory surgery centers, has announced the sale of the NewHope Dallas surgery center to a strategic buyer, according to a news release.

Here are reports on 13 new surgery centers that were opened, announced or broke ground in August. Note: Clicking a link will open the report in a new tab.

A new spine surgery center that includes outpatient surgery is set to open in Carmel, Ind., according to an Indianapolis Star report.