Rex Healthcare to transform hospital-based center into ASC

Rex Healthcare recently inked a deal that will change a hospital-based surgery facility in Wakefield, N.C., into an ambulatory surgery center, reports Triangle Business Journal.

Rex, a subsidiary of the UNC Healthcare system, will begin recruiting 25 to 30 doctors to form a joint venture to operate the new ASC, which will be named the Rex Surgery Center of Wakefield.

Although the operating rooms won't be moving to any new physical locations, state regulators will categorize the new surgery center as a distinct entity from the hospital.

"Converting Rex Surgery Center of Wakefield to an ambulatory surgery center will bring numerous benefits including lower costs for our patients, and opportunities for greater collaboration with community physicians," according to statement from Tom Williams, vice president of Ambulatory Services at Rex Healthcare. "We have similar successful partnerships at Rex Surgery Center of Cary and our joint venture in west Raleigh with Raleigh Orthopaedic Clinic. We expect to achieve similar success at Wakefield by teaming up with the best providers to offer patients the most efficient and highest quality care."

Rex Healthcare is a private, not-for-profit healthcare system with more than 5,300 employees.

For more news on transactions and valuations:

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