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
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3 lessons learned from establishing a successful outpatient total joint program
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
