Three quick details:
1. Milford Surgery Center is currently 85 percent owned by physicians and 15 percent owned by Avon, Conn.-based Constitution Surgery Alliance, an ASC management company.
2. MidState Medical Center, part of Hartford (Conn.) Healthcare Corp., wants to buy a 51 percent stake in the ASC for $1,502,735.
3. The target acquisition date is Oct. 1.
More articles on transactions/valuation:
Healthcare experts discuss investor interest in orthopedics — 5 key points
University of Maryland children’s medical device competition reveals 5 winners
RTI Surgical reports $9.1M net loss in Q1: 5 details
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.