ASC Transactions & Valuation Issues

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.

Update: Cape Cod Healthcare has acquired Bayside Surgical Center. Read about the acquisition by clicking here.Falmouth (Mass.) Hospital is close to acquiring physician-owned Bayside Surgery Center in North Falmouth, according to a Cape Cod Times report.

Surgicare of Hawaii, a joint-venture project between Surgical Care Affiliates, Hawaii Pacific Health Partners and Honolulu Surgery Center, has opened, according to ABC's KITV.

A new surgery center has opened in the Lourdes Medical Center in Pasco, Wash., according to reports by KNDO/KNDU and the Tri-City Herald.

Surgical Care Affiliates has announced it has entered into an agreement with Saint Joseph Health System and Catholic Health Initiatives surrounding the Lexington (Ky.) Surgery Center.

Scott Becker, JD, CPA, is a healthcare attorney and a partner in the national law firm of McGuireWoods.Q: I am interested to hear about the most common ways ASCs determine and distribute the ASC facility profits among owners. Do owners…

Scott Becker, JD, CPA, is a healthcare attorney and a partner in the national law firm of McGuireWoods.Q: What are the most common ways ASCs determine and distribute the ASC facility profits among owners — do owners buy/have shares and…

At a time when stocks and real estate prices are falling, an avenue still exists for physician-owners of an ASC to carry out estate planning, says David J. Shuffler, director of client services at the Practice Valuation Group in Asheville,…