ASC Company Updates: 10 Things to Know

AmSurg completed the $2.35 billion acquisition of anesthesia provider Sheridan Healthcare, a transaction plan originally announced in May.

Foundation Healthcare completed a new $27.5 million term long and a $2.5 million revolving credit facility. The seven-year term loan is price at 30-day LIBOR plus 4.25 percent. The revolving credit facility is priced at 30-day LIBOR plus 3.75 percent.  

Hospital Corporation of America expects revenues from the second quarter of this year will be $9.23 billion, up 9 percent from $8.45 billion in the second quarter of last year.

Orthopaedic Associates of Maryland Surgery Center and Ellicott City Ambulatory Surgery Center merged and consolidated operations in Ellicott City, Md. The merger is a joint venture between Merritt Healthcare and 14 physician partners.

Northstar Healthcare reported $15.1 million in estimated revenue for the second quarter of this year, up from $9.2 million in the second quarter of 2013.

Physicians Endoscopy and five physicians opened Island Digestive Health Center in West Islip, N.Y.

Regent Surgical Health added Lindsay Rinnan as director of development and physician recruitment and Preeti Syal as a senior financial analyst.

Moody's Investors Service expects Surgery Partners' debt-to-EBITDA ratio to rise eight-fold following its $792 million acquisition of Symbion.

Surgical Care Affiliates renewed its prime vendor agreement for distribution services with Medline Industries. The new five-year agreement is expected to be worth approximately $175 million over time.

United Surgical Partners International acquired a 55 percent interest in Somerset Ambulatory Surgery Center in Somerville, N.J. USPI also partnered with Mercy Medical Center to acquire a majority interest in Siouxland Surgery Center in Dakota Dunes, S.D.

More articles on surgery centers:
Rapid anesthesia M&A activity in 2014: A recap

6 things to know about the New York ASC market

100 ASC benchmarks to know—2014

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