ASC Transactions & Valuation Issues

Kenny Spitler has joined ASC management and development company Interventional Management Services as its chief development officer.

Ambulatory Surgical Centers of America has announced the opening of South Shore Surgery Center in Bay Shore, N.Y.

The Surgery Center of Fairbanks (Alaska) opened on Saturday, a 14,000-square-foot building with two operating rooms, six pre-op rooms and 16 recovery rooms, according to a Fairbanks Daily News-Miner report.

A new ASC has opened in Aurora, Ill., which specializes in treatment of patients injured on the job, according to a report on the Chicago Tribune's TribLocal Aurora website.

Vincent Kickirillo, a partner at valuation firm VMG Health in Dallas, identifies eight factors that make your ASC risky at time of sale.

St. Joseph's Mercy Health System, based in Hot Springs, Ark., has announced it is applying to the Arkansas Department of Health to change the licensure for St. Joseph's Mercy Health Center at HealthPark from an acute-care hospital to an ASC.

William Kennedy, senior vice president of business development for NovaMed in Chicago, discusses five key factors to consider when selling part of your ASC.

St. Vincent Charity Medical Center in Cleveland will build a new $35 million surgery center in the city, according to a news release from the hospital and a report from The Plain Dealer.

Jason Ruchaber, CFA, ASA, a principal at valuation firm HealthCare Appraisers, describes seven trends likely to impact the future of ASCs.

Zanesville (Ohio) Surgery Center, currently a joint venture operation with Genesis HealthCare System and community physicians, will be restructured as a hospital-based service, according to a Whiz News report.