SCA, Geisinger each take over surgery center in simultaneous transaction

Surgical Care Affiliates and Geisinger Health completed simultaneous recapitalizations of Grandview Surgery Center and North East Surgery Center, respectively.

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What you should know:

1. Nashville, Tenn.-based Surgical Care Affiliates took a majority ownership stake in Camp Hill, Pa.-based Grandview Surgery Center, while Danville, Pa.-based Geisinger took a majority ownership stake in Scranton, Pa.-based Northeast Surgery Center.

2. Both SCA and Geisinger had minority ownership stakes in the respective centers.

3. Grandview was a freestanding ASC while Northeast was an independently owned ASC.

More articles on surgery centers:
3 ASC developments worth over $10M
7 critical steps for financial success in your ASC
10 most common procedures in ASCs

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