ASC Transactions & Valuation Issues

RegionalCare Hospital Partners has acquired 150-bed Clinton Memorial Hospital in Wilmington, Ohio, according to the Wilmington News Journal.

St. Luke's Magic Valley Medical Center in Twin Falls, Idaho, is planning to build a new ASC in its hometown, according to the Times-News.

Arizona Heart Institute, a physician-owned cardiology group based in Phoenix, has signed a letter of intent to merge with Nashville, Tenn.-based Vanguard Health Systems, which operates the five-hospital Abrazo Health Care system, according to a report in The Arizona Republic.

WCA Hospital in Jamestown, N.Y., has reported $2.2 million in profits for 2009, according to The Post-Journal.

Partnership or operating agreement risk relate to the terms by which an ASC is governed and managed. Here are four operating agreement risk factors and relative importance ASC operators weigh on each, according to VMG Health's ValueDriver ASC Risk Assessment…

Palm Drive Hospital in Sebastopol, Calif., exited bankruptcy on Wednesday with the sale of $11 million in bonds to pay off creditors and plan improvements, according to a report by the Santa Rosa Press Democrat.

Freeman Surgical Center, an ASC developed in Joplin, Mo., by Freeman Health System, Nueterra Healthcare and local physicians, will open June 1, according to The Joplin Globe.

The prices for selected healthcare industries rose 0.2 percent in April from the previous month, with hospitals seeing a 0.1 percent increase, according to information from the Bureau of Labor Statistics' Producer Price Index.

San Ramon, Calif.-based Hill Physicians Medical Group, which represents around 3,000 physicians in Northern California, reported nearly $4.7 million in net income for 2009 on $419 million in revenue, according to a report in the Sacramento Business Journal.

Riverdale, Ga.-based Southern Regional Health System's financial troubles continue as Moody's Investment Service downgraded the hospital's bond rating to "junk" status, highlighting weak financial performance since 2007, according to a report in the Atlanta Journal-Constitution.