3-way joint venture surgery center approved in Massachusetts — 4 insights

Massachusetts state health officials approved a proposal to turn a 13,000-square-foot building into an ASC, MetroWest Daily News reports.

What you should know:

1. Massachusetts-based providers ASC Holding Co., Reliant, and Shields ASC partnered to develop the ASC, Natick Surgery Center.

2. The groups are spending $10 million to renovate the current building. The ASC will feature three operating rooms.

3. The ASC will offer orthopedic, ENT, gynecology, urology and general surgery procedures.

4. The center still needs approval from Natick officials.

More articles on transactions/valuation:
Pennsylvania's $12.5M tax on ASCs could cause dozens to close, lawmaker says — 5 key points
Novant Health makes $1.8B impact with network of outpatient facilities, medical centers
Vermont Gov. signs ASC licensure bill into law — 5 key details

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