ASC Transactions & Valuation Issues

The following article is written by Robert J. Zasa, MSHHA, FACMPE, principal of Ambulatory Systems Development. One of the most common issues to address when implementing hospital and physician joint ventures is the need for the hospital to replace the…

South Bend, Ind.-based Memorial Health Systems presented plans for a 50,000-square- foot, $18 million outpatient clinic to the Valparaiso Site Review Committee on Tuesday, according to a NWI Times report.

Tri-State Surgery Center, located in Dubuque, Iowa, is a physician/hospital joint-venture ambulatory surgery center. The ASC is managed by Health Inventures. It is a multi-specialty facility with three ORs, two GI suites and on track to do about 5,000 cases…

Georgia's Gwinnett Medical Center has announced the opening of a new orthopedic surgery center in Johns Creek, Ga.

Kettering (Ohio) Medical Center has opened a new surgery center, according to a report from WDTN.

Sibley Memorial Hospital, based in Washington, D.C., has announced the opening of a new ambulatory surgery center.

The planning board of Franklin Lakes, N.J., asked the developer of a 16,000-square-foot ambulatory surgery center to re-start his application to the board following "tainted" testimony, according to a Franklin Lakes Patch report.

Novant Health recently announced plans to create a 35,000-square-foot, $23 million medical campus with an emergency department, outpatient surgery center and specialty medical offices in Clemmons, N.C., according to a WXII12 report.

Eastern Long Island Hospital in New York is moving forward with plans for a $2 million expansion of its ambulatory surgical unit, following rapid growth in the hospital's number of outpatient surgeries, according to a Suffolk Times report.

NovaMed, an operator of ambulatory surgery centers in partnership with physicians, announced yesterday the completion of its merger with Surgery Center Holdings ("Surgery Partners"), according to a Sun Herald report.