Northwell Health completes 7th ASC JV; Acquires 70% stake in Suffolk Surgery Center — 6 things to know

Great Neck, N.Y.-based Northwell Health purchased a majority stake in Shirley, N.Y.-based Suffolk Surgery Center, marking the health system’s seventh joint venture of this kind, according to Long Island Business News.

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Here are six things to know:

1. Northwell Health bought a 70 percent stake.

2. The ASC’s nine physician owners maintain a 30 percent share in the center.

3. Suffolk Surgery Center offers services including general surgery, ophthalmology, orthopedics, gastroenterology, podiatry, pain management and colorectal surgery.

4. The surgery center is 8,500 square feet and serves almost 7,000 patients each year.

5. Suffolk Surgery Center houses four operating rooms, eight post-anesthesia care unit beds and four pre-operative beds.

6. Northwell Health has so far joint ventured with other centers including:
•    SurgiCare of Manhattan in New York City
•    Endoscopy Center of Long Island in Garden City, N.J.
•    Garden City (N.J.) SurgiCenter
•    South Shore Surgery Center in Bay Shore (N.Y.)
•    Digestive Health Center of Huntington (N.Y.)
•    Richmond (N.Y.) ASC.

More articles on surgery centers:
SCA builds upon Advocate Health Care partnership through 2 ASC deals; Nobilis Health voluntarily delists from Toronto Stock Exchange & more — 5 key notes
3 GI-driven ASCs and facilities in the news — Dec. 20, 2016
Nobilis Health voluntarily delists from Toronto Stock Exchange: 4 things to know

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.

Register to Attend Webinar

Is ambulatory care healthcare’s big margin engine? 4 leaders weigh in

Wednesday, July 29
1:00 PM - 2:00 PM CDT

Presenters: Joe Ganley, athenahealthJeffrey Flynn, CASC, Gramercy Surgery CenterBryan Tsao, Access Center, Loma Linda University HealthJason Zepeda, Northridge Hospital Medical Center, CommonSpirit HealthGreg DeConciliis, PA-C, CASC, Boston Out­Patient Surgical Suites

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