Here’s what you should know:
1. The joint venture is 94.25 percent owned by MFC, with the purchase funded primarily by cash and by drawing on MFC’s credit facility.
2. The joint venture acquired interests in:
- Brookside Surgery Center in Battle Creek, Mich.
- Central Arkansas Surgical Center in Russellville
- City Place Surgery Center in Creve Coeur, Mo.
- Eastwind Surgical in Westerville, Ohio
- Miracle Hills Surgery Center in Omaha, Neb.
- Riverview Ambulatory Surgical Center in Kingston, Penn.
- Two Rivers Surgery Center in Eugene, Ore.
3. The joint venture has 53 percent equity interest in the centers.
4. Through the agreement, NueHealth will provide day-to-day management and operational support to the centers.
More articles on transactions/valuations:
CMS to terminate Medicare benefits of Lags Surgery Center Oxnard — 6 insights
Dr. Eric Neff completes 1st TKR at Surgery Center of Chesapeake — 6 things to know
In CON tussle, Georgia county commission opposes Erlanger’s claims, for now — 6 insights
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