Cypress Surgery Center and Visalia Center for Ambulatory Medicine and Surgery, both in Visalia, Calif., will merge their ASCs in August, according to a Visalia Times-Delta report.
ASC Transactions & Valuation Issues
Alabama's Medical West, an affiliate of UAB Health System, is considering purchasing the minority ownership stake held by physician investors in the Medical West Ambulatory Surgery Center in Bessemer, Ala., according to the Birmingham Business Journal.
Here are three things to know about the current market for de novo ASCs, according to HealthCare Appraisers' 2010 ASC Valuation Survey, which includes responses from 17 organizations representing over 500 surgery centers throughout the country.
Chris Suscha is vice president of de novo business development for Meridian Surgical Partners.Q: Are you seeing any new trends in the ASC market?
The Virginia health commissioner has denied applications for three proposed surgery centers in Isle of Wight County, Va., according to a report in The Virginian-Pilot.
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The Mayfield Clinic in Cincinnati has announced its spine surgery center has partnered with United Surgical Partners International and The Christ Hospital to expand services and capacity.
Community Hospital of Long Beach (Calif.) will explore a merger with Long Beach Memorial Medical Center, according to a report by the Gazettes Town-News.
The Illinois Health Facilities and Services Review Board has approved the sale of two Chicago-area hospitals owned by Resurrection Health Care to for-profit Vanguard Health Systems, according to a report by the Chicago Tribune.
Access to capital, one of the greatest challenges for an ASC, has become more difficult with the recent meltdown of the banking industry. Having a good banking relationship is very important, but banks have become more jittery about lending money…
Standard & Poor's has upgraded $19.96 million long-term, fixed-rate bonds from Carolina Medical Center-Union in Monroe, N.C., to A+ with a stable outlook, according to a report in the Charlotte Business Journal.