Medical Facilities Corporation completed the sale of The Surgery Center of Newport Coast in Newport Beach, Calif.
The ASC was sold for $1.5 million to Newport Center GK, according to a Feb. 2 news release.
The company also sold 64% interest in Oklahoma Spine Hospital to SSM Health Care of Oklahoma. The $46 million transaction gave SSM and physician partners acquired 55.5% and 8.45% of equity securities, respectively.
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.