MedCentral acquired the land, building and business operation of the ambulatory surgery center. The surgery center is now called MedCentral Surgery Center.
The decision to sell the ASC to the hospital was driven by “governmental changes in how such facilities are paid primarily by Medicare,” according to comments from Robert Maxwell, MD, a general surgeon and one of the 13 physician-owners of the ASC, in the report.
The ASC opened in 1998 and performs about 4,000 procedures annually.
Read the Mansfield News Journal report about the acquisition of SurgiCenter of Mansfield.
Related Articles on ASC Acquisitions:
Connecticut Surgery Center in Waterbury to be Acquired by, Integrated Into Local Hospital
HCA Acquisition of Colorado Venture to Result in Ownership of 13 More Surgery Centers
Surgery Center Transactions and Valuation: Thoughts From VMG Health’s Kevin McDonough
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
