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.
ASC Transactions & Valuation Issues
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.
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Certain characteristics of physician owners and non-owners of a surgery center may impact the perception of the value of that center. Here are six physician risk factors and the relative importance ASC operators place on each factor, according to VMG…
The third-party payor profile within a specific market and the ability to obtain favorable managed care contracts can impact an ASC's value. Here are four managed care payor and reimbursement risk factors and the relative importance ASC operators place on…
Hospital ownership can occasionally affect the price a management company may pay for ASCs. Here are the impacts of hospital ownership as reported by management companies and the impact expressed in terms of multiples of EBITDA, according to HealthCare Appraisers'…
Medical Facilities Corp. reported a 6.5 percent facility revenue increase to $51.4 million from $48.2 million if the first quarter of 2009 due to improved performance at its specialty hospitals, according to a MFC news release.
Here are four financial and operational risk factors that can have an impact on an ASC's value and the relative importance ASC operators placed on them, according to VMG Health's ValueDriver ASC Risk Assessment Survey.