4 Connecticut ASCs avoid bankruptcy through ownership swap

Four ASCs in Connecticut have been saved from bankruptcy through a change of ownership, Hartford Business reported Oct. 11.

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The surgery centers are Wilton Surgery Center, Bloomfield Eye Surgery Center, Connecticut Eye Surgery Center South in Milford and Eastern Connecticut Endoscopy Center in Norwich. The ASCs are all currently owned by Envision Healthcare through its affiliate AmSurg.

Each ASC has filed a certificate-of-nNeed application with Connecticut’s Office of Health Strategy for a transfer of ownership. 

AmSurg announced Oct. 11 that it will separate from Envision Healthcare in the coming weeks. The news comes five months after Envision filed for Chapter 11 bankruptcy in May.

All of Envison’s ASCs will be part of AmSurg and will no longer have any affiliation with Envision. Pacific Investment Management Co., a creditor, will be AmSurg’s new majority owner.

The deal is expected to be approved by the court during the fourth quarter of 2023.

AmSurg owns more than 250 surgical centers in 34 states.

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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Is ambulatory care healthcare’s big margin engine? 4 leaders weigh in

Wednesday, July 29
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Presenters: Joe Ganley, athenahealthJeffrey Flynn, CASC, Gramercy Surgery CenterBryan Tsao, Access Center, Loma Linda University HealthJason Zepeda, Northridge Hospital Medical Center, CommonSpirit HealthGreg DeConciliis, PA-C, CASC, Boston Out­Patient Surgical Suites

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