This document summarizes a presentation on the differences between syndication and physician recruitment for ambulatory surgery centers (ASCs). Syndication involves the sale of ownership interests in an ASC to physicians, while recruitment involves convincing physicians to perform cases without ownership. When considering syndication or recruitment, ASCs should prepare by evaluating when such strategies are appropriate given the center's situation and goals. The presentation also discusses strategies for recruitment, methods for valuing shares during syndication, and regulatory risks associated with these activities.