Here are the key insights to know:
1. Ownership sales, transfers and redemptions. Before getting involved in an ASC, investors should find out what the process is for physicians to sell their ownership units to another physician.
2. Ownership valuations policies. Investors should ask questions about how ownership unit pricing is determined based on physician liquidation and how distributions are determined.
3. Fiduciary duties of the board. Are board members restricted from serving on the boards of competing outpatient facilities, and what is the protocol for when a conflict of interest occurs?
4. Non-competes. Investors should be aware if non-competes prevent them from owning other surgery centers.
More articles on turnarounds:
‘Remain vigilant on quality & cost:’ 3 Qs on the future of ASCs with administrator Patrick Haley
NueHealth secures growth capital financing — 4 insights
How to improve usability for ASC procedure documentation
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.