Penn State joint venture acquires majority stake in ASC

A Penn State Health joint venture acquired a majority stake in the Surgery Center of Lancaster (Pa.), according to an Oct. 27 report in Lancaster Online.

Advertisement

The Sept. 30 transaction gave the Hershey-based health system and its joint-venture partner, Leawood, Kan.-based ValueHealth, a 60 percent stake in the ASC. Financial details were not disclosed.

The more than 17,000-square-foot ASC employs 56 staff and is used by 26 surgeons, according to the report.

The ASC was established in 2005. It sits on a 2.6-acre plot of land, which was not included in the transaction. It is the joint venture’s first project, according to the report.

At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.

Advertisement

Next Up in ASC Transactions & Valuation Issues

Advertisement

Comments are closed.