The surgery center is a joint venture between Buffalo, N.Y.-based Kaleida Health, a group of physicians and the University at Buffalo School of Medicine & Biomedical Sciences. The project faced opposition from several nearby health systems, including Buffalo-based Catholic Health. The project was initially denied a certificate of need in 2014.
After receiving the green light, the Southtowns Ambulatory Surgery Center is now slated for completion in July 2016, according to the report.
More articles on transactions and valuation issues:
Actively acquiring: 7 things to know about AmSurg’s diversification
Alliance Surgery Center files for $40k in financing
11 hospitals & health systems opening ASCs – Dec. 10, 2015
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.