ASCs may consider selling a portion of their centers in order to improve operations or to gain a stronger partner in their business. William Kennedy, senior vice president of business development for NovaMed, discusses two critical concepts to consider when…
ASC Transactions & Valuation Issues
Spectrum Health in Grand Rapids continues its bid for dominance of western Michigan healthcare with its new acquisition of 61-bed Gerber Memorial Health Services in Fremont, according to a report by the Grand Rapids Press.
Sierra Kings District Hospital, a taxpayer-funded hospital in Reedley, Calif. that declared bankruptcy last year, withheld $1.4 million from an employee pension fund to cover expenses, according to a report in the Fresno Bee.
Physicians with aspirations of building their own ASC have many things to consider and questions to answer: Who will handle the real estate? What is the process for obtaining licensure and Medicare certification? When will managed care contracts be negotiated?…
Blaine J. O'Connell, senior vice president and CFO for Froedtert & Community Health, has announced his plans to retire at the end of the year, following a 30-year career in healthcare. He joined the organization in 1993 as vice president…
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Blaine J. O'Connell, senior vice president and CFO for Froedtert & Community Health, has announced his plans to retire at the end of the year, following a 30-year career in healthcare. He joined the organization in 1993 as vice president…
The number of mergers and acquisitions among hospitals and hospital systems dropped significantly in 2009 to 52 deals worth a combined total of $1.7 billion from 60 deals worth a combined $2.6 billion in 2008, according to data released by…
Ochsner Health System has completed its purchase of Slidell, La.'s NorthShore Regional Medical Center and its ASC, according to a report in New Orleans CityBusiness.
In the wake of healthcare reform's passage, two major deals involving the possible acquisition of large non-profit hospital systems by for-profit firms have been announced: Vanguard Health Systems' acquisition of eight-hospital Detroit Medical Center and private equity firm Cerberus Capital's…
Many hospitals are looking for new opportunities for revenue or ways to increase their access to capital in the current economic environment. Others are looking to reduce costs and improve efficiencies across the board.Selling all or part of a hospital's…