Orthopedic group takes over 'underutilized' ASC in New Jersey

Englewood, N.J.-based The Center for Musculoskeletal Disorders acquired Bergenfield Surgical Center, a nearby ASC with two operating rooms, according to The Jewish Link of New Jersey.

"It was a state-of-the-art facility very close to our offices in Englewood and Teaneck [N.J.], and it was being underutilized, so it was a natural fit for us to take both a leadership and ownership role," said CMD Logistics Director Isaac Abramchayev, who led the acquisition.

CMD, an orthopedic and pain management practice, expects that taking majority ownership will help it boost efficiency, improve patient satisfaction and adapt as procedures migrate to outpatient settings.

In its four-plus years of operation, Bergenfield Surgical Center has expanded to include three spine surgeons, two orthopedic surgeons, a hand surgeon and a podiatrist.

CMD surgeons have already performed multiple lower extremity surgeries and several spinal procedures at the ASC.

More articles on transactions/valuation:
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