ASC Transactions & Valuation Issues

Scott Becker, JD, CPA, partner with McGuire Woods LLP, discusses five issues that can affect the legality of hospital/physician ASC joint ventures.

Here are 10 recently announced joint ventures which include surgery centers.

AmSurg Corp. has reported its financial results for the first quarter ended March 31, with revenues up but profits declining, according to a company news release and news reports.

Surgical Care Affiliates has announced it has entered into a formal agreement with Jewish Hospital & St. Mary's HealthCare, based in Louisville, Ky., for a partnership centering on ambulatory surgical services in the Louisville area.

An ambulatory surgery center in Tuscumbia, Ala., owned by and in operation on the campus of Helen Keller Hospital, is expected to become a hospital/physician joint venture ASC, according to a report from The Times Daily.

The Franciscan Alliance, a multi-state Catholic health system based in, Mishawaka, Ind., has acquired the Surgical Hospital of Munster (Ind.) to serve as an ambulatory surgery center, according to a report from the Munster Times.

A new ophthalmology surgical center is expected to open in Vera Beach, Fla., in June, according to a report from TCPalm.com.

Pedro Vergne-Marini, MD, managing member of Physicians Capital Investments discusses five considerations for physicians when deciding whether to invest in a new surgery center.

NovaMed, an operator of ambulatory surgery centers in partnership with physicians, has scheduled a special meeting of its stockholders for May 4, 2011, to consider and approve a merger with Surgery Partners, according to a Sun Herald report.

Northwestern Lake Forest (Ill.) Hospital is set to open a new outpatient surgery center in Grayslake, according to a report from the Lake County News-Sun.