Five insights:
1. Spectrum Healthcare Partners currently owns Central Maine Orthopaedics Ambulatory Surgery Center in Auburn. Spectrum plans to establish a new LLC and transfer ownership of the ASC to the LLC.
2. Central Maine Health Ventures intends to acquire a 25 percent interest in the LLC. Spectrum will maintain control of the ASC with a 75 percent ownership interest.
3. The Maine Department of Health and Human Services determined that Spectrum’s ownership transfer to the LLC isn’t subject to certificate-of-need review.
4. CMHV could acquire an additional 25 percent membership interest at a future date. CMHV is an integrated healthcare delivery system based in Lewiston, Maine.
5. Spectrum is a physician-owned medical group offering anesthesia, orthopedics, pain management, pathology, radiology, radiation oncology and vascular services.
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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.