Here are 10 recent news updates on ambulatory surgery center companies.
AmSurg installed 17 femtosecond lasers in its centers since 2012. The centers with the lasers grew at a 3 percent higher rate than centers without the lasers.
Flagler Hospital in St. Augustine, Fla., intends to acquire St. Augustine Surgery Center, a joint venture between Ambulatory Surgical Centers of America and 10 physicians.
Laser Spine Institute is building headquarters and an ambulatory surgery center, which will cost approximately $56 million, in Tampa, Fla.
National outpatient ambulatory surgery center operator Meridian Surgical Partners settled a qui tam lawsuit brought by a former employee at one of its centers. Trial was set to begin in this case on September 23, 2014.
Brookside Surgery Center, located in Battle Creek, Mich., is the first ambulatory surgery center in Michigan to perform total knee replacement surgery. Brookside Surgery Center is a Meridian Surgical Partners facility and a Bronson Battle Creek partner.
Northstar Healthcare reached an agreement with First Surgical Partners to form a new business entity, which will own and operate First Street Hospital and First Street Surgical Center, both in Houston. Northstar Healthcare will own 51 percent of the new entity, while First Surgical Partners will own the remaining stake. Northstar will contribute $7.5 million to the new entity.
Surgical Care Affiliates and Newport Beach, Calif.-based DISC Sports & Spine have formed a joint venture.
Surgical Care Affiliates appointed Lisa Skeete Tatum to its board of directors Oct. 1.
United Surgical Partners International acquired three facilities during the second quarter of 2014 and two additional centers after the quarter's close. The company intends to add five to 10 more facilities before year's end.
United Surgical Partners International's cash flow for the second quarter was $44.9 million, compared to $38.9 million during the second quarter of 2013.