The acquisition, which becomes effective Jan. 1, 2011, ends a seven-year competition between the Vincennes Surgery Center and Good Samaritan Hospital’s Same Day Surgery Center.
“We have been competitors with Vincennes Surgery Center for seven years and it’s time to move forward, together with a single focus, improving health as a regional center of excellence to all of the counties we are privileged to serve,” said Rob McLin, president and CEO of Good Samaritan Hospital in the news release. “All parties involved in this agreement felt this would be an ideal way to support development of an accountable care organization, which is a collaboration between physicians, hospitals and all providers that will be clinically and financially accountable for healthcare delivery in our community.”
The Vincennes Surgery Center opened in late 2003 as a freestanding outpatient ambulatory surgery center and is on course to perform almost 2,000 procedures this year. Good Samaritan Hospital’s Same Day Surgery Center opened in spring of 2004, and will perform approximately 2,325 surgeries this year.
The current owner of Vincennes Surgery Center will remain owner of the ASC’s real estate.
Read the Good Samaritan Hospital news release about the acquisition of Vincennes Surgery Center (pdf).
Read about other surgery center acquisitions:
– Connecticut’s Hartford Healthcare Close to Acquiring Eye Surgery Center in $28M Transaction
– South Carolina Surgery Center Acquired by Cogdell Spencer
– Arizona Surgery Center Acquired by Not-for-Profit Health System, Sovereign Healthcare
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.