This is Montecito’s second property acquisition in New York. It acquired the ASC of Western New York’s property in Buffalo in 2021.
Montecito has properties in 35 states valued at more than $5.1 billion, according to the report.
The 10,000-square-foot Northway Surgery building was constructed in 2014 for around $1 million. The practice is a joint venture between physicians at Albany & Saratoga Centers for Pain Management and New York Pain Management.
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.
