Baptist Health South Florida acquires Galloway Surgery Center, Kendall Endoscopy Center

Miami-based Baptist Health South Florida acquired a controlling interest in Sunset, Fla.-based Galloway Surgery Center and in Kendall (Fla.) Endoscopy Center, the South Florida Business Journal reports.

Here's what you should know.

1. Baptist acquired 26 percent interest in both centers.

2. The health system acquired Galloway for $4.6 million and Kendall for $1.02 million. It is part of the health system's strategy to expand its outpatient surgery center efforts.

3. Baptist expects to complete two mergers with Florida-based health systems in fiscal year 2017. The health system expects to open a freestanding emergency department as well.

More articles on transactions/valuations:
Hendrick Health System opens new surgery center — 4 key notes
Surgery Partner strikes $760M deal to acquire National Surgical Healthcare; HCA shares jump 1.3% & more — 5 ASC notes
NC hospital executives speak out after CON repeal bill passes state Senate: 5 things to know

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