Wellstar to fund Augusta University health system ASC

Atlanta-based Wellstar Health System and Augusta (Ga.) University Health System have signed a 40-year partnership agreement, in which Wellstar will provide $800 million to the university over 10 years, with part of the funding going toward a new ASC, according to a March 31 report from the Capitol Beat.

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More than $200 million of the funding will be allocated to Augusta University Medical Center, a more than 600-bed safety net and teaching hospital, with the remainder going toward the ASC, a new hospital and a medical office building. 

The partnership will also expand medical training, research and clinical care in the state. The two systems signed a letter of intent for the partnership in December, which was officially approved by the University System of Georgia Board of Regents on March 31. 

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.

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