The hospital would purchase a 51 percent stake in the center, pending state approval. The center has 17 physician owners.
If the acquisition moves forward, the hospital will be expanding its relationship with Connecticut GI. In 2007, Hartford Hospital and CTGI Glastonbury partnered to operate Glastonbury (Conn.) Endoscopy Center, according to the report.
More articles on transactions and valuation issues:
Carolina Eye Associates acquires Southeastern Eye Center
3 new joint venture ASCs – March & April 2015
Orthopedic ASC of Chesterfield files form D for $1M in financing
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