Catholic Health agreed to a deal in August to purchase a 77 percent stake in the ASC, which is the “largest ambulatory surgery center by volume in the region,” performing 27,000 procedures a year, according to the health system.
The ASC opened in 1999 and performs surgeries in a variety of specialties, including orthopedics, ophthalmology, pain management, ENT, and cosmetic and plastic surgery. It includes six operating rooms, three procedure rooms and a post-surgery recovery room.
State officials will review the transaction March 24 and vote on the plans April 5.
The move follows Catholic Health’s complete acquisition of Sterling Surgical Center in Orchard Park, N.Y., in 2019 and a wider trend of hospitals and health systems acquiring and developing ambulatory facilities as healthcare continues its push to the outpatient setting.
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.