ASC Transactions & Valuation Issues

St. Tammany Parish Hospital in Covington, La., has announced the opening of its new 20,000 square-foot ASC.

Meridian Surgical Partners has announced it has acquired a majority interest of City Place Surgery Center in Creve Coeur, Mo.

Hospitals today are increasingly employing physicians for a variety of reasons, including the desire to gain more control over referrals and to be prepared for movement towards the accountable care model. However, some specialties are markedly more sought after than…

A new ASC for Corcoran (Calif.) District Hospital will receive $12 million in funding from the American Recovery and Reinvestment Act, according to a news release from the United States Department of Agriculture.

Cape Cod Healthcare, based in Falmouth, Mass., has announced it has acquired physician-owned Bayside Surgical Center in North Falmouth.

As of 2006, the most common ownership structure of an ASC was 100 percent physician-owned (61 percent of ASCs), followed by hospital/physician-owned (16 percent of ASCs) and corporation/physician-owned (11 percent of ASCs), according to data provided by VMG Health in…

ASCOA CEO Luke M. Lambert discusses three current trends impacting surgery center transactions.

The three most important specialties to ASCs are orthopedics, ophthalmology and gastroenterology, based on case volume and revenue statistics. Many of these specialties can still excel in group practice due in part to significant control over the generation of their…

Winchester (Mass.) Hospital has received a special permit from the Zoning Board of Appeals to build a 31,200-square-foot surgery center, according to a report by the Winchester Star.

Here are 18 reports on ASC transactions — openings, joint ventures, acquisitions, certificate of need applications, partnerships, new projects and construction — which were highlighted in September. Coverage begins with the most recent report and moves back through the month.