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…
ASC Transactions & Valuation Issues
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.
Advertisement
Christus Santa Rosa Health System in San Antonio, Texas, will convert one of its ASCs to a surgical hospital and contract with a physician-owned company to co-manage the facility, according to a report by the San Antonio Express News and…
Swedish Health Services in Seattle has received a certificate-of-need to build a five-OR surgery center after the Washington Supreme Court ruled the state's department of health appropriately determined there was a need for such a facility, according to a copy…
NovaMed has announced its majority-owned Downtown Surgery Center in Orlando, Fla., has acquired a multi-specialty ASC in the market.
The Board of Regents for the University of Minnesota has approved the issuing of bonds to finance a new $250 million academic ambulatory center that would include an ASC, according to a MedCity News report.
FirstHealth of the Carolinas, based in Pinehurst, N.C., has announced that North Carolina has denied a second application for the organization to build a freestanding ASC.