Steven Maier, MD, a surgeon in Jamestown, N.D., pledged $100,000 to name a new surgery center at the New Jamestown Regional Medical Center, according to a report in The Jamestown Sun.
ASC Transactions & Valuation Issues
After several years of relative quiet on the hospital merger & acquisition front, 2010 may be the year things turn around, say those on the front lines. Jim Shannon, executive vice president of development for LHP Hospital Group, a privately…
Here is a list of common valuation multiple ranges paid for a controlling interest in an ASC, with percentages of ASCs that were able to negotiate the range from 2006-2008, according to HealthCare Appraisers' Healthcare Transactions 2009 Year in Review.
Lenox Hill Hospital in New York City has been awarded a $9.4 million grant to set up an urgent care facility to treat some patients displaced by the closing of St. Vincent's Medical Center, according to a report in The…
The Detroit City Council voted 7-1 to approve a Renaissance Zone permit for Detroit Medical Center, exempting the hospital and buyer Vanguard Health Systems from most city, county and state taxes for 12 years, according to a report in the…
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Jon Vick, President of ASCs Inc.: ASC values have been steady in a narrow range for the last 16 months, and we see them staying about where they are now for the foreseeable future. The ASC market remains very competitive;…
The average number of cases per surgery center in 2008 was 3,695, according to SDI Health. Here are the percentage of surgery centers by their 2008 annual cases.
Nap Gary, President, Eastern Region of Regent Surgical Health: If I had to guess, I would expect that we'll see increasing stratification in values, with overall trends being slightly downward. Some centers — for example, those with favorable specialty reimbursement,…
Akron (Ohio) Children's Hospital has received an A1 bond rating from Moody's Investors Service, according to a report from Crain's Cleveland Business.
Mr. Maerki is the administrator of Bend (Ore.) Surgery Center, a multi-specialty, 100 percent physician-owned ASC. He started his career with BSC in 1997 as a nurse, then nurse manager and now administrator. He previously worked as a telemetry floor…