California health system acquires majority stake in physician-owned ASC

Sharp HealthCare has acquired a majority interest in the physician-owned Coast Surgery Center in San Diego, Calif., San Diego Metro reported Jan. 17.  

Advertisement

The San Diego-based health system completed the acquisition through an agreement with Maverix Health, an ASC development and operating company. 

Coast Surgery Center has been performing total joint procedures since 2012. Later this year, the ASC will relocate to a building adjacent to Sharp HealthCare’s Copley Lab in San Diego. 

The new center will feature five operating rooms and offer orthopedics, general surgery, hand surgery and pain management services.

At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.

Advertisement

Next Up in ASC Transactions & Valuation Issues

  • Atlanta-based United Digestive is planning an ASC in Watkinsville, Ga., focusing on organic growth to expand its network. The newly-constructed,…

  • At least 25 ASCs have closed over the past five years, a pattern of attrition driven by financial strain, staffing…

  • As the ASC industry continues to grow alongside new waves of surgical innovation, patient preferences and shifts to value-based care,…

Advertisement

Comments are closed.