First Surgical Partners Intends to Go Private
First Surgical Partners, an ambulatory surgery center and acute care hospital company, today announced that it is currently considering going private, according to a Daily Finance report.
Under the transaction, the company could cease to be a public reporting company, and its shares would no longer be traded on any exchange and/or quotation system. To this end, the company previously elected Douglas Cole and Michael Toups to its board of directors and appointed them to a special committee created for the sole purpose of exploring this transaction.
The special committee determined that a going-private transaction is the best option for the company and its stockholders and engaged a financial advisor to provide both a valuation of the company and a fairness opinion in connection with a going-private transaction.
Related Articles on Transactions & Valuation:
Connecticut's Middlesex Hospital to Acquire Nearby GI-Driven ASC
10 Surgery Center Openings & Approvals in CON States
Illinois North Suburban Center for Oral and Facial Surgery to Open Second Location in Lake Forest
© Copyright ASC COMMUNICATIONS 2012. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
- Study: Romney's Healthcare Reform Law Did Not Increase Hospital Use, Costs
- Value-Based Physician Compensation: How 2 Organizations Are Navigating It
- 100 Leaders of Great Hospitals in America
- 12 Statistics on ASC Administrator Salaries
- UnityPoint Health — Trinity Bettendorf to Open Pain Management Center