Joint ventures are an increasingly popular strategy in the hospital and ambulatory surgery center industries. Here are five hospital and ASC partnerships that have been announced over the past two months.
Kaleida Health and a group of 22 physicians received preliminary approval from the New York State Department of Health for the $2.7 million Southtowns Ambulatory Surgery Center to be built in Orchard Park, N.Y. The project faces opposition from multiple nearby hospitals and health systems.
Florida International University and Miami Children's Hospital partnered to open a pediatric outpatient surgery facility on the FIU campus in Miami. The center is expected to open in January 2015.
Massac Memorial Hospital in Metropolis, Ill., and the Orthopedic Institute of Western Kentucky in Paducah partnered to open a $6 million orthopedic and podiatric surgery center in Metropolis.
Meridian Surgical Partners, LLC announced that its Battle Creek, Mich., facility Brookside Surgery Center, LLC has partnered with Bronson Battle Creek, a subsidiary of Bronson Healthcare. This is the first hospital partnership for Meridian Surgical Partners. The facility will continue to operate as Brookside Surgery Center.
Local physicians have partnered with the Northwest Community Healthcare Day Surgery Center on a joint venture to provide outpatient surgery on the NCH campus in Arlington Heights, Ill.
More Articles on Transactions and Valuation Issues:
12 Statistics on New & Exiting ASCs From 2007 to 2012
6 Recently Opened, Planned or Expanded Ambulatory Surgery Centers
ASC Ownership Division: Structuring a 3-Way Joint Venture That Works
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