Here’s what you should know:
1. The 12,500-square-foot center was developed as a joint venture between SCA and Wake Forest Baptist Medical Center. Wake Forest is the majority owner.
2. The single-story surgery center cost the health system $8.1 million to develop.
3. Summit Healthcare Group was the project’s developer, while Design Strategies was the project’s architect.
Wake Forest Baptist Medical Center CEO Julie Ann Freischlag, MD, said, “This is a great partnership that will help improve the cost and convenience of health care for our patients. Our partnership with Surgical Care Affiliates allows us to streamline the process related to supply chain, staffing and scheduling. This can potentially result in a reduction of out-of-pocket costs for patients, compared to hospital-based surgeries.”
More articles on transactions/valuations:
SurgCenter Development re-enters St. Louis market with ASC in 2018: 5 things to know
34% of physicians use Amazon to purchase medical, dental supplies
Stock market week-in-review for 4 large ASC chains — Dec. 4-8
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.