Montecito Medical buys MOB, ASC in Virginia: 4 details

Nashville, Tenn.-based Montecito Medical Real Estate purchased an ASC in Virginia, announcing the acquisition on Dec. 20.

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Four things to know:

1. The 70,000-square-foot facility is located in the West Creek Business Park and includes primary care, cardiovascular services, spine, gastroenterology, obstetrics and plastic surgery.

2. MEDARVA Stony Point Surgery Center at West Creek, a six-OR facility, is the building’s anchor tenant. The ASC is Accreditation Association of Ambulatory Health Care-accredited.

3. Constructed in 2015, the building added a 9,000-square-foot expansion in 2017 and includes advanced surgical technology and instrumentation.

4. The amount Montecito Medical paid for the building is undisclosed.

More articles on surgery centers:
24 new ASCs in 2019
Arkansas hospital breaks ground on ASC — 4 insights
Surgery center opens in North Carolina — 3 insights

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.

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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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