The number of ASC purchase and sale transactions remained high in 2008. The most common structures for the typical transactions were as follows: (1) the acquisition of a majority interest in an ASC by a forprofit, strategic acquirer which focuses as a core business in buying majority interests; (2) the acquisition of a minority interest in an ASC by a for-profit, strategic acquirer which focuses as a core business in buying minority interests and/or investing in turn around centers; and (3) the hospital acquisition of a minority or majority interest in a local ASC. In a fourth, less common structure, a hospital purchases an ownership interest in an ASC side-by-side with a third-party ASC management company.
West Chester, Pa.-based Synthes announced its financial earnings for 2009, which included consolidated sales of nearly $3.4 billion for the year.
Stryker Corp. reported net earnings growth of 10.2 percent from $278 million to $306 million and adjusted net earnings growth of 10.3 percent from $299 million to $330 million for the quarter ended Dec. 31, according to a Stryker Corp. news release.