Critical ASC Mistake: Waiting Too Long to Find a Partner

Written by Rob Kurtz | July 30, 2010

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Jon Vick, president of ASCs Inc., describes a critical ASC mistake made by struggling ASCs.

Jon Vick: We have seen many surgery centers whose revenues and profits (and thus value) have declined and the physician-owners delay in partnering with an ASC management company that could help them turn the ASC around. The physicians don't want to sell at a lower price than the center was worth last year, and the downward spiral builds momentum.

When an ASC starts to decline, they usually need outside help from an equity partner to revitalize the center. It is a lot smarter to own 50 percent of a center making a lot of money than to own 100 percent of a center that is breaking even.

Learn more about ASCs Inc.

Read more guidance on common mistakes ASCs make:

- 3 Common Mistakes for Staff Retention

- Fair Market Value Not Maintained on Lease Expense

- Accreditation Challenge: Failure to Label Pre-Drawn Medications Properly

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