Here’s what you should know.
1. The hospital could break ground on its 75,000-square-foot, three-story surgical center Jan. 20, 2017.
2. Construction is expected to take 18 months.
3. The state issued a certificate of need in September 2015, but the hospital took more than a year to file a signed construction contract.
The health system’s CEO David Pryor attributed the delay to the Bipartisan Budget Act of 2015, which changed Medicare reimbursement rates.
4. The center is a joint development between OrthoSports Athens, Inkana Development and the hospital.
5. When complete, the surgery center will have six operating rooms, an imaging center, a pharmacy and laboratory offices.
More articles on transaction/valuations:
3 new joint venture ASCs — December 2016/January 2017
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SunTrust analysts downgrade SCA shares — 4 facts
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.