AmSurg ASC plans partial ownership transfer valued at nearly $6.2M

Springfield, Mass.-based Pioneer Valley Surgicenter, which is currently owned by AmSurg and individual physicians, is planning a partial transfer of ownership.

Nashville, Tenn.-based AmSurg is partnering with Springfield-based Baystate Medical Center to purchase partial ownership in the ASC. 

The proposed expenditure for AmSurg BMC — the Wilmington, Del.-based purchasing entity — is $6,169,990. It will acquire the portion currently owned by AmSurg.

AmSurg BMC filed a notice of determination of need with the Massachusetts Department of Public Health on Oct. 31.

Pioneer Valley Surgicenter's 16 surgeons specialize in gastroenterology, ENT and orthopedics. The surgery center doesn't anticipate any price or service changes as a result of the transfer.

More articles on turnarounds:
10 ASC industry key notes
3 things to know about orthopedics & spine in ASCs
38 states with a CON program 

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months