MedProperties Holdings receives $11.9M loan to acquire Center for Minimally Invasive Surgery: 5 key points

MedProperties Holdings received an $11.9 million loan to acquire the Center for Minimally Invasive Surgery in Mokena, Ill., according to REBusiness Online report.

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Here are five key points:

1. The 14,000-square-foot surgery center includes a recovery center.

2. The center features four operating rooms and offers surgical services in a number of specialties, such as spine surgery, orthopedics, ophthalmology, gynecology and pain management.

3. The ASC is Accreditation Association for Ambulatory Health Care-accredited.

4. The terms of the loan and the seller were not disclosed.

5. Capital One has provided the acquisition loan.

More articles on ASC issues:
Tenet’s Q2 ambulatory net operating revenue reaches $442M, up 37.3% — 18 takeaways
Regent Surgical Health joint ventures with West End Surgical ASC — 6 takeaways on the ASC dedicated specifically to TJR, spine
Panel favors AmSurg in non-compete controversy with physicians: 5 things to know

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.

Register to Attend Webinar

Is ambulatory care healthcare’s big margin engine? 4 leaders weigh in

Wednesday, July 29
1:00 PM - 2:00 PM CDT

Presenters: Joe Ganley, athenahealthJeffrey Flynn, CASC, Gramercy Surgery CenterBryan Tsao, Access Center, Loma Linda University HealthJason Zepeda, Northridge Hospital Medical Center, CommonSpirit HealthGreg DeConciliis, PA-C, CASC, Boston Out­Patient Surgical Suites

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