Sheridan Memorial Hospital, surgery center form partnership focused on orthopedic surgery: 4 notes

Sheridan (Wyo.) Memorial Hospital and Sheridan (Wyo.) Surgical Center signed a business and real estate purchasing agreement that will give the hospital's orthopedic patients access to the surgery center, according to the Sheridan Press.

Here are four notes:

1. Sheridan Memorial CEO Mike McCafferty told the Sheridan Press the hospital is purchasing the real estate for nearly $3.18 million and the business entity for $1.6 million. Both entities are at appraised value.

2. Sheridan Orthopedic Associates, a medical practice group, will purchase 60 percent of the business entity, and Sheridan Memorial will own 100 percent of the real state.

3. Mr. McCafferty noted the deal's primary change is allowing patients to choose where to have their surgery as opposed to the Sheridan Memorial requiring patients seek outpatient care at the hospital.

4. Mr. McCafferty told the Sheridan Press, "It's been something that we've talked about for a long time, and we were able to get it done. So it's real positive for the community. If you can grow together to create a healthcare system in a community, it's better than if people grow apart."

More articles on surgery centers:
Vision Eye Center acquires Virginia eye care practice: 3 key notes
Tenet shares plummet 18.7% in 52-week period: 4 points
19 ASC partnerships for SCA in 2016

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.


Top 40 Articles from the Past 6 Months