Buffalo, N.Y.-based Kaleida Health plans to buy out 15 surgeons to take full ownership of Williamsville, N.Y.-based Millard Fillmore Surgery Center in one of three pending ASC ownership changes, Buffalo Business First reports.
Here's what you should know:
1. The terms of the Kaleida deal and the surgeons' names weren't disclosed. The transaction requires approval from the state health department.
2. Kaleida opened the multispecialty center in 1989. A group of surgeons took 50 percent ownership about a decade later.
3. The ASC was ranked the seventh busiest in Western New York after performing 7,219 procedures in 2016.
4. Two other ASCs in the area also filed requests for ownership changes. Owen Moy, MD, is selling his minority ownership in Amherst-based Ambulatory Surgery Center of Western New York to five other physicians, and Buffalo Surgery Center is giving three new physician owners 4.34 percent ownership each.
5. Kaleida also has a stake in the Endoscopy Center of Niagara in Niagara Falls, N.Y.
"We're continuing to work at monitoring the inpatient-to-outpatient movement and what can be done on the outpatient side," said Kaleida Senior Vice President and Chief of Staff Michael Hughes.
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