The 50,000 square-foot ambulatory surgery center with four operating rooms was co-owned by a group of surgeons with a 70 percent ownership stake and Mount Carmel Health, based in Columbus, Ohio, owning the remaining 30 percent.
The 222-bed, nonprofit Fairfield Medical Center spent $8.5 million on the purchase of the ambulatory surgery center, with the business costing $5.4 million and the campus costing $3.1 million, according to the report.
The ASC, which was built in 1997, will retain its name.
Read the Lancaster Eagle-Gazette report about Riverview Surgery Center.
Read more about surgery center acquisitions:
– ASC Transactions and Pricing During 2010: 4 Key Concepts
– Indiana Surgery Center Acquired by Good Samaritan Hospital, Ends Seven-Year Competition
– Connecticut’s Hartford Healthcare Close to Acquiring Eye Surgery Center in $28M Transaction
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.