Surgery Partners proposes $400M senior notes offering, Medical Facilities Corp. revenue hits $90M in Q4 — 6 key notes on ASC companies

Here are six updates on ASC companies.

Medical Facilities Corp. consolidated facility service revenue from continuing operations reaching $89.8 million for the quarter, up 8.9 percent from the same period the year prior. For the year, consolidated facility service revenue from continuing operations reached $308.8 million in 2015, up 3.8 percent from $297.4 million in 2014.

Surgery Partners' Surgery Center Holdings proposed a $400 million aggregate principal amount of senior unsecured notes due 2021. Each Surgery Center Holdings' domestic wholly owned subsidiary will guarantee the notes under its senior secured credit facilities.

Laser Spine Institute's CEO Bill Horne is transitioning to executive chairman of the board; David Pillsbury will succeed him as CEO. Laser Spine Institute's new corporate headquarters and ambulatory surgery center will have its grand opening this spring and Mr. Pillsbury will be an integral part of the festivities.

AmSurg Partners Robin Beran, MD, Richard Orlando, MD, and now retired Robert A. Bruce, MD, all celebrated Columbus Eye Surgery Center, which they founded 20 years ago. The ASC is a single-specialty ophthalmology center.

AmSurg employees volunteered at the Second Harvest Food Bank. Since 2009, AmSurg has supported the food bank with food drives and volunteer events.

During the week of March 14 to March 18, Hospital Corporation of America shares traded at $75.46 per share, up 0.7 percent.

If you have a question, issue or note to suggest on an ASC management and development company please contact Mary Rechtoris at mrechtoris@beckershealthcare.com.

More articles on surgery centers:
AmSurg employees volunteer at food bank: 5 things to know
SCA shorts increases 43%: 5 points
ASC of Western New York achieves approval to move forward with $4.75M ASC: 5 key notes

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