Cornerstone acquired Nova Med Surgery Center in New Albany, Ind.,; Trinity Health Endoscopy Center in Steubenville, Ohio; Owensboro (Ky.) Dermatology Associates Clinic; Heart and Vascular Center of West Tennessee Clinics in Jackson; and an under-development ophthalmic ASC in Elizabethtown, Ky.
Cornerstone funded the acquisitions using its Medical Office Building Fund IV, a private equity-backed fund focused on medical real estate. Cornerstone has purchased $84 million in healthcare-related properties in recent history.
In its lifetime, the investment firm has developed more than 100 medical facilities.
More articles on surgery centers:
University of Rochester plans $240M orthopedics center, ASC to meet outpatient surgery demand
Hospital rethinks plan for $91M tower as orthopedic cases go outpatient
3 lessons learned from establishing a successful outpatient total joint program
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.
