Penn State joint venture acquires majority stake in ASC

A Penn State Health joint venture acquired a majority stake in the Surgery Center of Lancaster (Pa.), according to an Oct. 27 report in Lancaster Online.

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The Sept. 30 transaction gave the Hershey-based health system and its joint-venture partner, Leawood, Kan.-based ValueHealth, a 60 percent stake in the ASC. Financial details were not disclosed.

The more than 17,000-square-foot ASC employs 56 staff and is used by 26 surgeons, according to the report.

The ASC was established in 2005. It sits on a 2.6-acre plot of land, which was not included in the transaction. It is the joint venture’s first project, according to the report.

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.

Register to Attend Webinar

Is ambulatory care healthcare’s big margin engine? 4 leaders weigh in

Wednesday, July 29
1:00 PM - 2:00 PM CDT

Presenters: Joe Ganley, athenahealthJeffrey Flynn, CASC, Gramercy Surgery CenterBryan Tsao, Access Center, Loma Linda University HealthJason Zepeda, Northridge Hospital Medical Center, CommonSpirit HealthGreg DeConciliis, PA-C, CASC, Boston Out­Patient Surgical Suites

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