ASC Transactions & Valuation Issues

University of Maryland Medical System has agreed to acquire St. Joseph Medical Center in Towson, Md., a member of Catholic Health Initiatives, and plans to turn the hospital into a surgery center, according to a Baltimore Sun report.

Grand Junction (Colo). VA Medical Center has opened a new surgical center, according to a KREX report.

Drew Memorial Hospital in Monticello, Ark., has plans to build a new surgery center, according to a Seark Today report.

The public comment period about a plan to relocate a Buffalo, N.Y., hospital and build a new $200 million facility, ambulatory care and surgery center in another area of Buffalo ends March 23, according to Buffalo Business First report.

Rochester (N.Y.) General Health System will develop a new ambulatory surgery center in a building in Penfield, N.Y., it will acquire as part of its purchase of the Linden Oaks Medical Campus, according to a news release.

More surgery centers are considering acquisition or partnership with a management company or hospital as reimbursement rates decline and profitable strategies such as out-of-network billing become unfeasible. Here are 30 new statistics on surgery center acquisition and valuation, according to data…

Facial Plastic Surgeon Jacob D. Steiger, MD, has announced the opening of a new aesthetic medical center in Boca Raton, Fla., that features a surgery center, according to a news release.

South Central Regional Medical Center in Laurel, Miss., is building a new cosmetic and plastic surgery center in Laurel, according to a Laurel Leader-Call report.

Physicians with Hanover Orthopaedic Associates will continue to work at Hanover Hospital and Surgicenter after the practice’s merger with WellSpan Medical Group, according to a Penn Live report.

Guthrie Health, based in Sayre, Pa., and principally serving residents in Northern Central Pennsylvania and Southern Central New York, has applied to the New York State Department of Health to consolidate Guthrie Same Day Surgery Center in Horseheads, N.Y., and…