Becker's ASC Review

Becker's ASC Review January/February Issue

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10 SELL YOUR ASC TO A STRATEGIC PARTNER ASCs Inc. helps you FIND The besT sTRATeGIC PARTNeR & MAXIMIZe The VALUe OF YOUR AsC "The industry leader in AsC sales." "ASCs Inc. helps physician-owners of ASCs and endoscopy centers find the right strategic partner (ASC management company and/ or hospital) that will increase revenues, profits and distributions for the center, and provide an exit strategy for the owners. For each client we identify several companies that would be a good partner and procure competitive partnership proposals, then work with the selected company to maximize the value of their offer." — Jon Vick, President • Over 20 national buyers • Competitive bids from buyers • Sell minority or majority interest • High valuations • Provide an Exit Strategy Call today to find out how a strategic partner can benefit your ASC Contact Jon Vick at JonVick@ASCs-Inc.com 760-751-0250 or visit us online at www.ASCs-Inc.com • Increase distributions • 3-way deals • Increase revenues & profits • Sell to ASC management company and/or hospital and medical office space, athletic program space and rehabilitation services. Shriners Hospital for Children Medical Cen- ter in Lexington, Ky., will include an ASC. e project will likely be completed in 2017. Revere Health in Provo, Utah, began a project to construct a new building that will house an am- bulatory surgery center in addition to physician offices and a pharmacy in Salem, Utah. Truecare Surgery Center, focused on plastic sur- gery, opened in Chino Hills, Calif. e Mendelson Professional Building in Livo- nia, Mich., will include the Mendelson Kornblum Orthopedic & Spine Specialists practice and an outpatient surgery center in a 42,000-square-foot medical office building. UC Health Longmont (Colo.) moved forward with constructing a new ambulatory surgery cen- ter, estimated to cost $125 million. Orthopedic Associates of Wisconsin began con- struction on a $20 million surgery center and clinic in Waukesha that is slated to open in June 2016. September: Norwalk (Conn.) Hospital opened a new facility that includes an ASC. ProMedica in Toledo, Ohio, is still working on a new surgery center expected to be completed in the spring of 2016. Carolinas HealthCare Systems Blue Ridge, based in Charlotte, N.C., broke ground on a new surgery center in part of a two-year project. Hauser-Ross Eye Institute in Sycamore, Ill., plans to open its own surgery center in October. Doctors Hospital at Renaissance in Edinburgh, Texas, opened a new outpatient surgery center with eight operating rooms and 80 beds. Bristol, Pa.-based Lower Bucks Hospital plans to reopen an ASC on the hospital's campus that closed its doors several years ago. e Empire State Ambulatory Surgery Center, a joint venture between New York Eye and Ear Infirmary of Mount Sinai, Ambulatory Surgical Centers of America and 15 physicians, opened in New York. Tricity Pain Associates broke ground on a new facility in New Braunfels, Texas, that will include an ASC that's expected to open in early 2016. Orland Park, Ill.-based Preferred Surgicen- ter opened as a multispecialty 23-hour ASC for pain management, cardiology, orthopedics, po- diatry, urology and plastic surgery procedures. Cleveland Clinic Florida plans to expand its Weston location to include an ASC. October: Doctors Hospital of Manteca (Calif.), in partner- ship with Tenet, plans to open a $7 million outpa- tient surgery center in March 2016. St. Luke's Magic Valley broke ground on a new outpatient surgery center aer the hospital re- corded a 33 percent increase in outpatient surgi- cal volumes. Truman Medical Centers opened an outpatient specialty care and surgery center in downtown Kansas City, Mo. e Cypress Creek Medical Pavilion in South Florida is planning a $30 million medical pavilion that will include an 18,000-square-foot outpatient surgical center. Erie (Pa.) VA Medical Center cut the ribbon on a new 9,500-square-foot ASC with outpatient oper- ating rooms and two endoscopy rooms. UnityPoint Health began construction on a new Ankeny, Iowa-based medical park that includes an outpatient surgery center. SurgCenter Development and the Orthopaedic Associates of Zanesville broke ground on a new 5,000-square-foot ASC focusing on orthopedics. Morgantown-based West Virginia University Medicine broke ground on a new outpatient sur- gery center slated for completion in 2017.

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