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Average Surgery Center Debt/Leverage Ratios for ASCs With More Than 50% Orthopedics

Here are the average and median debts and leverage ratios for surgery centers that perform more than 50 percent of the case volume in orthopedics, according to VMG Health's 2009 Intellimarker.

Spectranetics Corp. Pays $4.9M to Settle Unapproved Medical Device Claims

Colorado Springs, Colo.-based Spectranetics Corp., a medical device manufacturer, has agreed to pay the United States $4.9 million in civil damages plus a $100,000 forfeiture to resolve claims that the company illegally imported unapproved medical devices and provided them to…

HHS Planned Claims Database Would Include Private Payor Data

The Department of Health and Human Services is planning a national claims database that would include information from Medicare, Medicaid and private payors, according to a report in American Medical News.

TeamHealth Acquires Anesthetix Management

Knoxville, Tenn.-based TeamHealth has acquired Palm Beach Gardens, Fla.-based Anesthetix Management, a national provider of comprehensive anesthesiology and pain management service solutions to hospitals and surgery centers in 10 states, according to a TeamHealth news release.

U.S. District Court Rules Peoria Day Surgery Center Can Pursue Federal and State Antitrust Claims Against St. Francis Medical Center – Denies in Part and Grants in Part SFMC Motion for Summary Judgment

Peoria (Ill.) Day Surgery Center (PDSC), according to a decision from the U.S. District Court Central District of Illinois, can pursue state and federal antitrust claims against OSF Healthcare d/b/a St. Francis Medical Center (SFMC) in Peoria. The claims allege,…

Healthcare Reform Could Bring Increased Payor Competition, Lower Administrative Expenses, According to Harvard-USC Study

The healthcare reform legislation proposed by Congress could lead to better cost savings within the industry by encouraging increased competition among insurance companies and higher quality care at lower costs, according to a study from Harvard University and University of…

North Carolina Anesthesiology Practices Merge

Shelby (N.C.) Anesthesiology Associates has merged with Charlotte, N.C.-based Southeast Anesthesiology Consultants, according to a report in the Charlotte Business Journal.

H.I.G Capital Affiliate Completes Majority Investment in Surgery Partners

Miami-based H.I.G. Capital, a global private equity firm, announced that an affiliate has completed a majority investment in Tampa, Fla.-based Surgery Partners Holdings, an operator and owner of 11 ASCs and several related practices, according to an H.I.G. news release.

Staten Island Medical Center to Open Surgery Center

Richmond University Medical Center in Staten Island, N.Y., will open an ASC and an urgicare center between April and July 2011, according to a report in the Staten Island Advance.

Hill-Rom Announces New President and CEO

Hill-Rom Holdings, based in Batesville, Ind., has named John J. Greisch as president and CEO, effective Jan. 8, 2010, according to a Hill-Rom news release.