ASC Transactions & Valuation Issues

As capital markets begin to open up and healthcare reform starts to take shape, momentum for hospital acquisition activity is building, although the buyers and sellers may have different characteristics this time around.

Newton, Mass.-based HRPT Properties Trust of Massachusetts, a publicly traded real estate investment trust, has purchased Clear Creek Surgery Center in Wheat Ridge, Colo., for $4.45 million, according to a report in the Denver Business Journal.

Saint Joseph's Health System and Piedmont Healthcare, both based in Atlanta, have signed a letter of intent to enter exclusive negotiations to create a joint operating company that combine certain assets of both SJHS and PHC, including Saint Joseph’s Hospital…

Over the past few years, there has been a growing trends of ASCs being operated as HOPDs. As we move through 2010, this trend toward HOPD ASCs continues.

Anthony Mai is senior vice president of Sun Healthcare Finance, which offers a full financing solutions and related advisory services to companies across the healthcare industry, including ASCs.

Claudia Gourdon is senior vice president of New York-based Healthcare Finance Group, which specializes in senior debt financing.

Q: Has access to financing/capital improved over recent months for ASC start-ups or are groups still struggling? Kyle Goldammer: In our opinion, groups are still struggling with financing. Although financing is available, the down payment required for large projects has…

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…

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.