Previously, Banner Health held majority interest in the surgery center, while a small group of physicians held a minority interest.
The surgery center will be converted to the hospital outpatient department of Banner Thunderbird Medical Center.
Banner Health also recently acquired full ownership of Union Hills Surgery Center in Glendale, Ariz. The surgery center became the outpatient department of Banner Del E. Webb Medical Center.
More Articles on Transactions and Valuation Issues:
5 Things to Know About ASC Transactions for the Next 5 Years From Luke Lambert of ASCOA
16 Statistics on New vs. Exiting Medicare-Certified ASCs
10 Hospitals & Health Systems Opening or Planning Surgery Centers
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.