ASC Transactions & Valuation Issues

William Kennedy, senior vice president of business development for NovaMed in Chicago, discusses five key factors to consider when selling part of your ASC.

St. Vincent Charity Medical Center in Cleveland will build a new $35 million surgery center in the city, according to a news release from the hospital and a report from The Plain Dealer.

Jason Ruchaber, CFA, ASA, a principal at valuation firm HealthCare Appraisers, describes seven trends likely to impact the future of ASCs.

Zanesville (Ohio) Surgery Center, currently a joint venture operation with Genesis HealthCare System and community physicians, will be restructured as a hospital-based service, according to a Whiz News report.

Jon Vick, president of ASCs Inc., provides seven best practices for selling ASC shares.

Here are stories about 27 new surgery centers which opened or were announced in November.

Disc Sports and Spine Center, a Marina del Rey, Calif., orthopedic surgery practice, is leasing a new space in Newport Beach, Calif., which will include a surgery center, according to a report from the Orange County Business Journal.

Robert Zasa, managing partner of ASD Management, discusses 10 best practices for hospitals seeking joint ventures with physician-owners of an existing ASC.

When hospitals purchase ASCs from physician-owners and convert them into hospital outpatient departments, they may also set up co-management arrangements with former physician-owners. "The co-management vehicle allows for the development, management, efficiency and quality improvement of the HOPD by rewarding…

Hartford Healthcare in Connecticut is close to acquiring Constitution Eye Surgery Center in Newington, Conn., in a $28 million transaction, according to a report from the Hartford Business Journal.