Massachusetts Hospital Close to Acquiring Physician-Owned ASC; ASC Industry Leaders Provide Comments on Hospital Acquisition Trends

Update: Cape Cod Healthcare has acquired Bayside Surgical Center. Read about the acquisition by clicking here.Falmouth (Mass.) Hospital is close to acquiring physician-owned Bayside Surgery Center in North Falmouth, according to a Cape Cod Times report.

Advertisement

Dr. Peter Bentivegna, a hand specialist who just recently stopped working at the ASC, told the newspaper the hospital, which is owned by Cape Cod Healthcare, will acquire the Cape Cod surgery center, which is scheduled to close Oct. 1, and reopen the facility in the spring, although in what capacity is unknown.

Luke Lambert, CEO of ASCOA, which is affiliated with a different Cape Cod surgery center, and Linda Rahm, president of the Massachusetts Association of Surgery Centers, discussed the transaction with the Cape Cod Times, commenting on why the hospital would want to acquire the ASC and what it could mean to patient costs, respectively.

Dr. Bentivegna said he expects to be opening a newly constructed ASC, Cape Cod Surgery Center in Mashpee, soon, according to the report. He attributed Baysides closing to a business model that wasn’t working due to lack of surgeons, according to the report.

Read the Cape Cod Times report about Bayside Surgery Center.

Learn more about ASCOA.


Learn more about the Massachusetts Association of Surgery Centers.

Advertisement

Next Up in ASC Transactions & Valuation Issues

Advertisement

Comments are closed.