Franciscan Surgery Center allows 8 surgeons to invest in center through equity offering: 3 points

Indianapolis-based Franciscan Surgery Center, an affiliate of Mishawaka, Ind.-based Franciscan Health, issued an equity offering to eight surgeons, according to Indianapolis Business Journal.

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Here are three points:

1. The offering set the minimum investment at $175,000.

2. Through the offering, the ASC aims to raise $2.7 million.

3. Franciscan Surgery Center performed 14,899 procedures in 2016, up nearly 60 percent from 2011. Of this total, 1,134 were ear tube operations, 1,134 were cataract surgeries and 967 were colonoscopies.

More articles on transactions and valuation:
Prospect CharterCare acquires RI’s largest freestanding ASC despite union opposition: 5 things to know
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Physician-owned hospital bill introduced in Senate: 5 things to know

 

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