Florida’s two-hospital Wuesthoff Health System has signed a nonbinding agreement to be sold to an undisclosed buyer, according to a report by Florida Today. The health system has been dragged down by losses at its 115-bed Wuesthoff Medical Center-Melbourne, according…
ASC Transactions & Valuation Issues
LifePoint Hospitals has agreed to acquire Gallatin, Tenn.-based Sumner Regional Health System for $145 million, according to a report by the Nashville Business Journal.
Here are eight trends identified by the nation's largest ASC operators regarding the 2010 acquisitions market, according to VMG Health's ValueDriver ASC Risk Assessment Survey.
Here are the median amounts of cash, net accounts receivable and working capital for surgery centers and their relative percentages of total assets, based an ASC's annual case volume, according to VMG Health's 2009 Intellimarker.
Tri-City Medical Center in Oceanside, Calif., is suing Citigroup for up to $20 million, claiming that the investment bank didn't warn the hospital about the risk of refinancing debt using variable-rate bonds, according to a report by the Mercury News.
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There are 381 surgery center chains that own two or more ASCs in the current market. From 2000-2009, the percentage of ASCs owned by a multi-facility chain has increased from 23 percent to around 35 percent. Here are the total…
Here are statistics on the number of independent community hospitals compared to community hospitals that are part of a larger hospital system from 1999-2008, according to the American Hospital Association's Annual Survey of Hospitals. The data show a slight decrease…
Steven Maier, MD, a surgeon in Jamestown, N.D., pledged $100,000 to name a new surgery center at the New Jamestown Regional Medical Center, according to a report in The Jamestown Sun.
After several years of relative quiet on the hospital merger & acquisition front, 2010 may be the year things turn around, say those on the front lines. Jim Shannon, executive vice president of development for LHP Hospital Group, a privately…
Here is a list of common valuation multiple ranges paid for a controlling interest in an ASC, with percentages of ASCs that were able to negotiate the range from 2006-2008, according to HealthCare Appraisers' Healthcare Transactions 2009 Year in Review.