Pend Oreille Surgery Center Reorganizes Business Into Two Entities
Pend Oreille Surgery Center in Ponderay, Idaho, has completed a year-long reorganization to split into two distinct entities: POSC, LLC and POSC Holdings.
POSC will continue to provide quality, cost-effective outpatient surgical care and remains owned by local physicians who care for patients at the center as well as the local hospital. POSC Holdings now owns the center's building and land. Separating the real estate from operations provides an opportunity for investors to become involved in a business that, prior to the reorganization, could only involve physicians who intended to use the facility.
This change has positioned POSC for growth and success in an uncertain healthcare environment, according to the center's news release. The reorganization was a result of collaborative efforts of the POSC board members and management, accountants, attorneys and banking professionals including Washington Trust Bank in Sandpoint, Berg & McLaughlin Attorneys in Sandpoint, Christoffersen Accountancy in Salt Lake City and Sandpoint Title Insurance.
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