Luke Lambert, CEO of Ambulatory Surgery Centers of America, discusses the current state of the ambulatory surgery center industry and how it can succeed in the future.
Transactions & Valuation Issues
Champlain Valley Physicians Hospital Medical Center in Plattsburgh, N.Y., and Elizabethtown (N.Y.) Community Hospital have announced an agreement to become part of a four-hospital affiliation with Fletcher Allen Partners in Burlington, Vt.
The governing board of Johnston Health in Smithfield, N.C., has voted to pursue a partnership with a large hospital rather than a large healthcare company, according to a Herald report.
Cheboygan (Mich.) Memorial Hospital has announced that the U.S. Federal Bankruptcy Court for the Eastern District of Michigan has approved Flint, Mich.-based McLaren Health Care's purchase of CMH.
Catholic Health Initiatives in Denver has announced its acceptance the St. Joseph Medical Center board of directors' recommendation to transfer SJMC to the University of Maryland Medical Center in Baltimore.
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Less than a day remains before proposal submissions to partner with the University of Lousville (Ky.) Hospital are due, and the field of potential applicants appears slim, according to a Courier-Journal report.
Salinas Valley Memorial Hospital has chosen to move forward in the affiliation process with Natividad Medical Center in Salinas, Calif.; HCA in Nashville, Tenn.; and Vanguard Health Systems in Nashville, according to a Monterey County Herald report.
The board of trustees for the Christ Hospital in Jersey City, N.J., has voted to endorse Pennsylvania-based Hudson Holdco's purchase bid, according to a Jersey Journal report.
Glendale (Calif.) Adventist Medical Center in Verdugo Hills, Calif., may acquire or merge with Verdugo Hills Hospital, also located in Glendale, according to a San Fernando Valley Business Journal report.
More surgery centers are considering acquisition or partnership with a management company or hospital as reimbursement rates decline and profitable strategies such as out-of-network billing become unfeasible. Here are 30 new statistics on surgery center acquisition and valuation, according to data…