Belleville Surgical Center selling 2 centers after hospital opening saps patient numbers — 4 insights

Belleville (Ill.) Surgical Center is seeking state permission to sell its two surgery centers in response to declining patient volumes, the St. Louis Business Journal reports.

What you should know:

1. Belleville Surgical Center closed Physicians' Surgical Center and Belleville Surgical Center mid-year 2018, after HSHS St. Elizabeth's Hospital opened a new facility in O'Fallon, Ill. Several independent physicians in the area became affiliated with the hospital's medical group, which decreased the surgical centers' caseload.

2. BSC plans to sell PSC's operations and BSC's land and building to Shakeel Ahmed, MD for $50,000. The transaction could close April 1. 

3. Belleville Surgical Center Director of Operations Kevin Hamers told the Business Journal Dr. Ahmed would be, "an ideal operator" for the clinic. He said, "We are glad that he will soon be providing his services to the residents of Belleville.”

4. Belleville Surgical Center is a Deerfield, Ill.-based Surgical Care Affiliates.

More articles on transactions/valuation:
AmSurg ASC performs 100th total joint replacement — 5 highlights
Health Center South advertises $25M building's neighbor: Surgery Center South — 3 notes
Dr. James Andrews' Georgia practice backs state CON repeal — 5 insights

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months